## Mexico: 2018 Article IV Consultation-Press Release; Staff Report; and Staff Statement

_IMF Staff Country Reports, November 8, 2018_

## Source details

**Canonical URL:** [Mexico: 2018 Article IV Consultation-Press Release; Staff Report; and Staff Statement](https://www.imf.org/en/publications/cr/issues/2018/11/07/mexico-2018-article-iv-consultation-press-release-staff-report-and-staff-statement-46343)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/11/07/mexico-2018-article-iv-consultation-press-release-staff-report-and-staff-statement-46343/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/11/07/mexico-2018-article-iv-consultation-press-release-staff-report-and-staff-statement-46343/index.json)
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## Bibliographic details
- Published: November 8, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484383667.002

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### Summary and outlook
- 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.

### Major findings and challenges
- Strengths:
  - Very strong fundamentals and policy frameworks.
  - Resilience in the face of a complex external environment.
- Key challenges:
  - Strengthen growth.
  - Reduce poverty and inequality.
  - Win the fight against corruption and crime.
- Risks:
  - Continued uncertainty associated with the global economic environment.
  - Uncertainty associated with the policies of the incoming administration.

### Policy implications and priorities
- 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 areas and keywords
- 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

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18307-mexicobundle.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18307-mexicobundle.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/11/07/mexico-2018-article-iv-consultation-press-release-staff-report-and-staff-statement-46343_