Mexico wants to give Pemex breathing room

Mexico wants to give Pemex breathing room

Economy & Policy Corporate & Sovereign Strategy Debt Project & Infrastructure Finance Energy Gas Regulation Politics Mexico

Facing a slowing economy and a still unsettled trade agreement with the United States and Canada, Mexican Finance Minister Arturo Herrera on Thursday highlighted a handful of long-term constraints on the economy that the government is seeking to reverse while acknowledging the over-taxation of the state-run oil company Pemex. Herrera lamented the shallow financial sector, low tax collection, low public investment, low female participation in the economy and scant confidence in the rule of law as

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