Mexico City. The Ministry of Finance and Public Credit (SHCP) is preparing an initiative to reform the legal framework of currency exchange centers, seeking to strengthen the purchase and sale of foreign currency in cash that takes place at counters, reported Ángel Cabrera Mendoza, coordinator of banking and securities for the agency. Participating in the … Read more
Mexico City. In its fifth evaluation to be carried out in June 2025, the Financial Action Task Force (FATF) will focus on Mexico’s effectiveness in complying with the agency’s 40 recommendations to prevent money laundering and terrorist financing, reported the Financial Intelligence Unit (UIF) of the Ministry of Finance and Public Credit (SHCP). “Mexico has … Read more
At the close of the first half of the year, the federal government allocated 18,983.4 million pesos to pay the interest on the internal debt of Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE), a figure 11.9 percent higher in nominal terms – without discounting inflation – compared to the 16,950.9 million pesos allocated … Read more
Mexico City. Spending on public debt interest increased by 5 percent during the first half of the year, Given the environment of restrictive financial conditions and volatility; although overall this item reflected savings of more than 36 billion pesos compared to what was projected by the Ministry of Finance and Public Credit at the beginning … Read more
Mexico Metropolis. Mexico ought to analyze its commerce relationship with China from a extra goal perspective, mentioned Sergio Ley López, who was our nation’s ambassador to the Asian big (2001-2007), noting that 80 p.c of imports from that nation are intermediate items, that’s, parts which might be integrated into native manufacturing to make merchandise which … Read more
Mexico Metropolis. Rising the variety of tax audits carried out by the Treasury Division has resulted in a considerable enhance within the assortment of sources throughout this administration, which have elevated from 1.2 trillion pesos between 2013 and 2018 to three.3 trillion pesos throughout this six-year time period, President Andrés Manuel López Obrador reported. Subsequently, … Read more
Mexico Metropolis. The federal authorities’s pension commitments proceed to develop uninterruptedly. Official knowledge reveal that within the first 5 months of 2024, authorities pension spending registered an actual enhance of 6.7 % in comparison with the identical interval final 12 months, which factors to closing 2024 at an unprecedented degree. Information from the Ministry of … Read more
Mexico Metropolis. EThe assembly held by Rogelio Ramírez de la O, head of the Ministry of Finance and Public Credit score (SHCP) with buyers in London this week shouldn’t be one thing out of the peculiar, stated Gabriel Yorio González, undersecretary of the federal company. “It’s regular for the Treasury Division to have conferences with … Read more
Mexico Metropolis. Mexico will chair the Monetary Motion Job Pressure (FATF) for 2 years, the place it is going to search to contribute, from a multilateral perspective, to the safety of countries and their economies, in addition to to the integrity of the worldwide monetary system, according to the establishment’s mandate. In a press launch, … Read more
Mexico Metropolis. Though its progress fee has moderated within the first 4 months of the yr, the Mexican financial system is strong and has a powerful anchor, which is why it’s rising in keeping with the projection of the Ministry of Finance, of between 2 and three %. , said Gabriel Yorio González. The Undersecretary … Read more