Analysts doubt AMLO's plans to use IMF funds for Pemex debt

Analysts doubt AMLO's plans to use IMF funds for Pemex debt

International Financial Institutions International Monetary Fund (IMF) Economy & Policy Debt Mexico United States Energy Oil Gas

Analysts have cast doubts on a proposal by Mexican President Andrés Manuel López Obrador to use a $12 billion transfer from the International Monetary Fund (IMF) to pay down debt owed by the state-owned oil company Pemex, saying the government could face resistance from the central bank. "It seems to me that this option is not viable because I doubt that the Banco de México will accept to carry out the option of using the special drawing rights [SDRs] exclusively for the government to renegotiat

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