Mexico: Technical Assistance Report-Strengthening Public Assets and Liabilities Management
IMF Staff Country Reports, December 17, 2021
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- Canonical URL
- Mexico: Technical Assistance Report-Strengthening Public Assets and Liabilities Management
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Bibliographic details
- Published: December 17, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616356606.002
Overview
- The Ministry of Finance and Public Credit (SHCP) of Mexico intends to strengthen public asset and liability management (ALM) practices.
- The 2018 Fiscal Transparency Evaluation (FTE) identified several gaps in reporting public sector assets and liabilities and analysis of the associated risks.
- The authorities identified the need for further reforms in three interrelated areas:
- (i) adopt the public sector balance sheet (PSBS) analytical framework to inform policy making;
- (ii) move toward more active cash management; and
- (iii) strengthen the management of financial assets and introduce a sovereign assets and liabilities management (SALM) framework in a phased manner.
- This report provides recommendations for reforms in these three areas.
Key findings
- Gaps exist in reporting public sector assets and liabilities and in analysis of the associated risks (identified by the 2018 Fiscal Transparency Evaluation).
- Three interrelated reform needs are emphasized:
- Adoption of the public sector balance sheet (PSBS) analytical framework.
- Movement toward more active cash management.
- Strengthening management of financial assets and phased introduction of a sovereign assets and liabilities management (SALM) framework.
Policy recommendations and reform agenda
- Adopt the public sector balance sheet (PSBS) analytical framework to inform policy making.
- Move toward more active cash management to improve liquidity and funding operations.
- Strengthen the management of financial assets and introduce a sovereign assets and liabilities management (SALM) framework in a phased manner.
- The report provides detailed recommendations for reform in each of the three priority areas above.
Publication and document specifics
- Publication title: Mexico: Technical Assistance Report-Strengthening Public Assets and Liabilities Management
- Series: Country Report No. 2021/261
- Issue: 261
- Volume: 2021
- Pages: 90
- Publication date: December 17, 2021
- DOI: https://doi.org/10.5089/9781616356606.002
- Stock No: 1MEXEA2021003
- ISBN: 9781616356606
- ISSN: 1934-7685
- Subjects: Currencies, Economic sectors, Extra-budgetary funds, Financial statements, Government asset and liability management, International organization, Monetary policy, Money, Public financial management (PFM), Public sector
- Keywords: Africa, Australia and New Zealand, balance sheet strength indicator, Banco de México, Currencies, Extra-budgetary funds, financial assets management, Financial statements, Global, Government asset and liability management, I. public sector balance sheet compilation, IMF's Fiscal Affairs Department, Public sector, public sector financial assets
IMF Staff Country Report (2021), "Mexico: Technical Assistance Report-Strengthening Public Assets and Liabilities Management", Country Report No. 2021/261.
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- 1mexea2021003