Published on Wednesday, April 13, 2016 | Updated on Thursday, April 14, 2016
Mexico | Federal Gov.’s support allows Pemex to improve its financial situation in 2016
Summary
The Federal Government’s support of Pemex amounts to a total of 123.5 billion pesos and comes from three sources: an equity contribution; the conversion of Pemex’s pension bond into negotiable instruments of the Federal Government; and a reduction in the duties payable by the Company deriving from the changes to its tax regime
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- Mexico
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- Macroeconomic Analysis
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- Pemex
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Authors
JA
Javier Amador
BBVA Research - Principal Economist
IM
Iván Martínez Urquijo
BBVA Research - Senior Economist
FM
Francisco Javier Morales
CS
Carlos Serrano
BBVA Research - Chief Economist