Optimism on Mexican SWF details

Optimism on Mexican SWF details

Economy & Policy Corporate & Sovereign Strategy

Mexico’s planned sovereign wealth fund is set to drive a more counter-cyclical fiscal policy, economists have said: “The legislation has strengthened the financial position of the country as it earmarks where the oil revenues are going to be allocated and sets a cap on the transfers in any one year,” Marco Oviedo, Mexico economist at Barclays, told LatinFinance. According to the secondary legislation presented to Congress last month, the Oil Fund for Stabilization and Development will collect an

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