Mexico loses tax revenue due to support for Pemex

Mexico is among the countries in Latin America and the Caribbean (LAC) that have seen a reduction in hydrocarbon tax revenues due to tax exemptions granted to Pemex, according to a report prepared by the Inter-American Center of Tax Administrations (CIAT). The document, which also involved the Economic Commission for Latin America and the Caribbean […]

Mexico is aging faster than it thinks

Mexico is discovering that aging comes at a cost: to families, to healthcare systems, to businesses, and to public finances. What’s surprising is that, despite the rapid pace of change in the population pyramid, we continue to talk about aging as if it were a problem of the future, not a reality that is already […]

Lessons from Colombia to Mexico

As I finish this column, all indications are that Colombia will have elected the far-right Abelardo de la Espriella as president. A wealthy private lawyer who promises to be a mix of Trump’s kleptocracy, Milei’s economic ineptitude, Bolsonaro’s racist nationalism, and Bukele’s mass incarceration. The question is why. The outgoing left-wing government, led by President […]

Mexico turns to the bond market to refinance debt

Mexico is turning to global bond markets to finance the repurchase of its existing debt, amid growing pressure from credit rating agencies to control the public deficit. The country is issuing new bonds maturing in 2037 and renegotiating bonds maturing in 2056, according to a preliminary prospectus filed with the Securities and Exchange Commission (SEC). […]

The Dance of the Old Men is a Purépecha ritual full of humor

Mexico celebrates with music and dance that blends traditions. Among the wide array of regional folk dances performed only in its states, the Dance of the Old Men (La Danza de los Viejitos) is one of the most unique in the state of Michoacán. The dancers dress colorfully as elderly men, wearing bright hats adorned […]