Mexico reduces exterior debt

by times news cr

2024-06-18 19:13:58

The Secretary of Finance reported that it decreased the exterior debt of the nation that gained in 2025 with a steadiness of 894 million {dollars}with the intention of giving larger flexibility to the subsequent administration in his first 12 months.

The Treasury reported that it started a technique of early maturity of a bond dated April 2025 for stated quantity, which suggests a discount in exterior debt, which is able to launch fee pressures for the subsequent administration of Claudia Sheinbaum.

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“That is the third bond maturing in 2025 that’s settled with this mechanism, refinancing a complete of just about 4 billion {dollars} in maturities scheduled for the primary 12 months of presidency of the subsequent administration,” defined the SHCP.

He defined that through the interval 2019-2024, roughly 15.55 million {dollars} have been refinanced by way of using the early maturity clause, as detailed under.

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The Secretariat executed this operation in strict accordance with the debt restrict licensed by Congress for this 12 months, guaranteeing the continuity of accountable and prudent fiscal administration.

CSAS

2024-06-18 19:13:58

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