Jessika Becerra
La Jornada newspaper
Tuesday, February 4, 2025, p. 5
Mexico has sufficient resources to face financial clashes and navigate global and future challenges. In addition, it is preserved as a strategic and reliable destination for capital, said Rogelio Ramírez de la O, Secretary of Finance and Public Credit (SHCP).
The country is successfully navigating the current and future global challenges. Our economy is built on a solid base with permanent and clear purposes
he said.
In a phone call with investors, the official stressed that the nation is not only resilient but also remains as a strategic and reliable destination for investments. However, he admitted that there are key sectors that can suffer a disproportionate impact, such as automaker and computer and electronics.
In the message, made before the agreement between the governments of Mexico and the United States was announced to postpone the imposition of tariffs, Ramírez de la O commented that although external challenges can reduce the rhythm of the activity Economic in the Republic, a recession is not considered within perspectives.
“A moderation in growth is expected; The long -term trajectory remains positive.
He explained that international reserves total 230 billion dollars, an amount that covers four and a half months of imports and represents a first line of defense for external shocks, which ensures stability in times of volatility.
In turn, he pointed out that the Mexican economy has about 44 billion dollars in international credit lines, including 35 billion dollars via the International Monetary Fund (IMF) and 9 billion dollars of a line of a line of Swap Credit with the United States Department of the Treasury.
He explained that the Budget Income Stabilization Fund adds 100 billion pesos, after it was capitalized, and gives the Government an additional capacity to absorb the Shocks financial without undermining the long -term fiscal framework https://www.jornada.com.mx/noticia/ 2025/01/30/Economy/allocation-shcp-45-mil-millones-de-pesos-al-fiep-1361.
The official expressed the federal government intention to reduce the fiscal deficit from 5.7 to 3.9 percent of the gross domestic product this year, and, on the other hand, he mentioned that the Mexican banking system remains strong with a capitalization index of 19.4 percent.
He added that the Treasury and Bank of Mexico are coordinated to ensure that the Mexican financial system has long -term liquidity. Finally, he pointed out that the flexible exchange rate is a key pillar of the macroeconomic frame.
“We will point at all times to a preventive approach, so that no new shockexternal challenge or source takes us by surprise, ”concluded the official.
