Mexico floats fund plan to aid Pemex

Mexico floats fund plan to aid Pemex

Economy & Policy Funds Energy Politics Debt Mexico

Mexico's Finance Minister Carlos Urzúa has said the government could use part of a budget surplus fund to help the state-owned oil company Pemex shore up its finances, according to press reports. Under the plan, the government could turn the Fondo de Estabilización de los Ingresos Presupuestarios (FEIP) into a counter-cyclical fund and use money from the fund to help Pemex refinance $6.6bn in debt this year, Urzúa was quoted as saying at a banking conference in Acapulco. Urzúa and other ministry

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