Latest news with #EdgarAmador
Reuters
09-05-2025
- Business
- Reuters
Mexico's Pemex hopes to return to capital markets when conditions permit, minister says
MEXICO CITY, May 9 (Reuters) - Mexican Finance Minister Edgar Amador said on Friday that state oil company Pemex hopes to return to capital markets for financing in the medium term, when conditions are favorable. Pemex has a financial debt of $101 billion and has not turned directly to the markets to raise funds in several years due to the high costs it faces. "We have to have a conversation with the market, with investors, eventually, in the medium term - not at this moment. Right now, the conditions are not ideal for that to happen," Amador said in an interview with Bloomberg Linea. "What we have to do is create those conditions so that the company can turn to capital markets," he added. When asked if the option of going to those markets was off the table, he responded: "That is the aspiration." Mexico's finance minister sits on Pemex's board of directors.
Bloomberg
09-05-2025
- Business
- Bloomberg
Mexico Finance Chief Says USMCA-Protected Exports Bolster Growth
Mexico's finance chief Edgar Amador said the North American free trade agreement should continue to bolster the economy despite the threat that the US could push for major changes to it. At least 51% of the nation's exports traded under the rules of the United States-Mexico-Canada Agreement, or USMCA, in early April as firms saw it gave them a 'competitive advantage,' Amador said in an interview Friday.
Reuters
14-04-2025
- Business
- Reuters
Mexico's finance minister to ask banks to lower interest rates, president says
MEXICO CITY, April 14 (Reuters) - Mexican President Claudia Sheinbaum said on Monday that she had instructed Finance Minister Edgar Amador to speak with banks so they can lower interest rates for both commercial and development loans. Sheinbaum said that banks should follow the central bank, known as Banxico, in cutting rates as it was still expensive and bureaucratic for Mexicans to access credit. Economists have argued that this has hindered growth in Latin America's second-largest economy. Weaker economic growth has stoked fears of a recession in recent months. In late March, Banxico cut its benchmark interest rate to 9%, highlighting progress on inflation, but warning of heightened uncertainty relating to trade tensions and the weakening economic outlook. Mexico's benchmark rate is now at the lowest level since September 2022.
Reuters
07-03-2025
- Business
- Reuters
Mexican president taps Edgar Amador as new finance chief
MEXICO CITY, March 7 (Reuters) - Mexican President Claudia Sheinbaum announced on Friday that Edgar Amador will be her government's new finance minister, replacing outgoing Rogelio Ramirez de la O in the key economic post. Amador was previously deputy finance minister.
