This 2007 Article IV Consultation highlights that the economic expansion of Mexico has continued albeit slowed by developments in the United States. Despite some pickup in the second and third quarter, growth is projected to be close to 3 percent for 2007 as a whole. Fiscal policy is on track to...

The staff report on Mexico’s 2008 Article IV Consultation focuses on economic and financial sector implications of the global crisis. Inflation has been anchored in a low range, and public and private balance sheets have been substantially strengthened. Most importantly, public external debt...

This 2004 Article IV Consultation highlights that economic activity in Mexico accelerated to 3.8 percent in the first half of 2004 over the previous year. This recovery is partly attributable to strengthening U.S. industrial production, as reflected in growth in Mexican manufactured exports of...

This 2002 Article IV Consultation highlights that the economic slowdown in the United States triggered a sharp weakening in Mexican economic activity in 2001 from the rapid pace in the preceding year. There was also a marked deceleration in domestic demand growth, as disposable income was...

Despite Mexico’s recent remarkable progress in adjusting its fiscal and external accounts and in restructuring its economy, the recovery of growth has remained elusive. This paper reviews some aspects of Mexico’s recent performance and suggests that systemic adjustment uncertainty, and...

The Mexican economy has performed well since the last Article IV Consultation. Executive Directors commended the authorities for maintaining prudent fiscal and monetary policies in the face of financial turbulence in emerging markets and the slowdown in the United States. They appreciated the...

This 2003 Article IV Consultation highlights that Mexico’s real GDP remained subdued in the first half of 2003, with growth of 1.4 percent in the four quarters ending in the second quarter. While recent indicators of activity have been mixed, most observers still expect the economy to recover...

This paper reviews the annual progress report on Poverty Reduction Strategy Paper (PRSP) for Republic of Congo. The adoption of the PRSP in March 2008 was followed by adoption of the Operational Action Plan for implementation of the PRSP. The poverty reduction strategy is being implemented in an...

Strong fundamentals and a policy track record helped Mexico to withstand the fallout from the global crisis and aided recovery. The policy challenges have to take due account of significant global uncertainty, employment generation, and long-term fiscal reforms. The economy will benefit from...

Mexico’s two main economic policy challenges are to fully entrench stability and to remove remaining obstacles to economic growth, necessary to end poverty. The floating exchange rate policy continues to serve Mexico well. An essential part of Mexico’s stability is the resilience of the...