Bank of Mexico stresses risks stemming from state-owned oil company

The Bank of Mexico
Daniel Hinge

The Bank of Mexico is warning the financial difficulties of state-owned oil firm Pemex are becoming one of the main risks to the economy’s outlook.

“Pemex has a structural problem and the measures announced just address short-term difficulties,” said Jonathan Heath, deputy governor at the Bank of Mexico, in an interview with major TV broadcaster Televisa on March 6.

Pemex’s financial debt is more than $100 billion and it faces large repayments this year, while its production has progressively

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: