Mexican president rejects calls to ease Mexico’s external debts

Mexican president rejects calls to ease Mexico’s external debts

© Reuters. Mexico’s President Obrador holds a news conference in Mexico City

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Friday dismissed calls to ease Mexico’s debt obligations with external creditors, saying the country could manage and would continue to meet its commitments.

“I don’t agree with cancelling public debt. I don’t agree with that, not even in getting an extension,” he told a regular government news conference. “We have the capacity.”

Senior politicians in the leftist president’s own party have in recent days proposed that creditors ease Mexico’s external debts to help the country emerge from the coronavirus crisis.

But Lopez Obrador said he regarded the issue as non-negotiable, noting that foreign powers had in the past used Mexico’s debt obligations as a pretext to meddle in the country’s affairs, including launching invasions.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest Category Posts