RIO DE JANEIRO, BRAZIL - Mexico has begun a debt refinancing process for state-owned Petroleos Mexicanos (Pemex) after the country received a transfer of approximately US$12 billion from the International Monetary Fund (IMF).
President Andrés Manuel López Obrador on Monday said that the refinancing had begun and reiterated that he intends to use the newly issued IMF reserves to pay off debts, but that he was unable to provide further details on the operation.
Government spokesman Jesus Ramirez confirmed that Pemex's debt is being refinanced. The government is currently assessing if the US$12 billion in . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here