{
  "title": "Mexico: 2018 Article IV Consultation-Press Release; Staff Report; and Staff Statement",
  "publication": "IMF Staff Country Reports, November 8, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/11/07/mexico-2018-article-iv-consultation-press-release-staff-report-and-staff-statement-46343",
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  "summary": "A new political landscape is shaping up in Mexico following the July elections. President-elect López Obrador has promised to reduce corruption and crime, and boost social spending and public investment, while maintaining fiscal prudence.",
  "sections": [
    {
      "heading": "Summary and outlook",
      "content": "- A new political landscape is shaping up in Mexico following the July elections.\n- President-elect López Obrador has promised to reduce corruption and crime, and boost social spending and public investment, while maintaining fiscal prudence.\n- The incoming administration will inherit an economy with very strong fundamentals and policy frameworks that has exhibited resilience in the face of a complex external environment.\n- Mexico still confronts significant challenges—namely to strengthen growth while reducing poverty and inequality—and has yet to win the fight against corruption and crime.\n- Uncertainty associated with the global economic environment and the policies of the incoming administration persists.\n- Prospects hinge on the steadfast implementation of structural reforms while ensuring continued macroeconomic stability."
    },
    {
      "heading": "Major findings and challenges",
      "content": "- Strengths:\n  - Very strong fundamentals and policy frameworks.\n  - Resilience in the face of a complex external environment.\n- Key challenges:\n  - Strengthen growth.\n  - Reduce poverty and inequality.\n  - Win the fight against corruption and crime.\n- Risks:\n  - Continued uncertainty associated with the global economic environment.\n  - Uncertainty associated with the policies of the incoming administration."
    },
    {
      "heading": "Policy implications and priorities",
      "content": "- Maintain fiscal prudence while boosting social spending and public investment as promised by the incoming administration.\n- Steadfast implementation of structural reforms is essential to improve prospects.\n- Ensure continued macroeconomic stability to manage external and policy-related uncertainties."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Administration in revenue administration, Economic sectors, Fiscal policy, Public debt, Public sector, Revenue administration\n- Keywords: Administration in revenue administration, CR, exchange stabilization agreement, Federal Reserve System's swap network, Global, insurer AXA, ISCR, Mexico's rating, Public sector, staff appraisal, swap line\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 8, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484383667.002",
    "A new political landscape is shaping up in Mexico following the July elections.",
    "President-elect López Obrador has promised to reduce corruption and crime, and boost social spending and public investment, while maintaining fiscal prudence.",
    "The incoming administration will inherit an economy with very strong fundamentals and policy frameworks that has exhibited resilience in the face of a complex external environment.",
    "Mexico still confronts significant challenges—namely to strengthen growth while reducing poverty and inequality—and has yet to win the fight against corruption and crime.",
    "Uncertainty associated with the global economic environment and the policies of the incoming administration persists.",
    "Prospects hinge on the steadfast implementation of structural reforms while ensuring continued macroeconomic stability.",
    "Strengths:",
    "Key challenges:",
    "Risks:",
    "Maintain fiscal prudence while boosting social spending and public investment as promised by the incoming administration.",
    "Steadfast implementation of structural reforms is essential to improve prospects.",
    "Ensure continued macroeconomic stability to manage external and policy-related uncertainties.",
    "Subject: Administration in revenue administration, Economic sectors, Fiscal policy, Public debt, Public sector, Revenue administration",
    "Keywords: Administration in revenue administration, CR, exchange stabilization agreement, Federal Reserve System's swap network, Global, insurer AXA, ISCR, Mexico's rating, Public sector, staff appraisal, swap line",
    "**Country Report**"
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