What the I.M.F. thinks of Pemex If you want to read what the International Monetary Fund current assessment of Mexico and Pemex you can access the full country report.
The section on Pemex starts on page 22.
These reports are done by high level economists who have a detailed understanding of the country and its major institutions and businesses. The I.M.F. is a lender of last resorts to countries and is an advisor to member countries. The finance ministries of countries study these reports and take recommendations from them.
https://www.imf.org/en/Publications/CR/Issues/2019/11/05/Mexico-2019-Article-IV-Consultation-Press-Release-and-Staff-Report-48788
Mexico : 2019 Article IV Consultation-Press Release and Staff Report
Author/Editor:
International Monetary Fund. Western Hemisphere Dept.
Publication Date:
November 5, 2019 End : Updated the code to fix the display of incorrect Publish_Date issue by Seema
Electronic Access:
Download PDF. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The authorities are committed to very strong policies and policy frameworks. However, policy uncertainty and new priorities have created challenges and have clouded the growth outlook. Large-scale investment projects and social transfers—and a commitment to not raise taxes until after 2021—are yet to be reconciled with the administration’s fiscal targets and the objective of putting public debt on a downward path. Meanwhile, drastic budget cuts for some institutions have raised concern about their impact on human capital. A state-centered energy policy that limits the role of the private sector—putting the onus of stabilizing Pemex (the state-owned oil and gas company) squarely on the government—has imposed further pressure on the budget and has weakened prospects for oil production. Promises to tackle some of Mexico’s salient structural challenges—including corruption, informality and crime—have yet to be followed by concrete policy action.
Series:
Country Report No. 19/336