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Mexico

Meade Kuribreña: More Certainty in Exchange Rate

When asked about the possibility that a populist government would come to power, Meade Kuribreña said that the best armor is conscious citizens

José Antonio Meade Kuribreña, Treasury and Public Finance Secretary, participates in the “The 1917 Constitution and Public Finance” Forum in Mexico City, photo: Cuartoscuro/Diego Simón Sánchez
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10 months ago

Treasury and Public Finance Secretary José Antonio Meade Kuribreña, assured that despite the fact that Donald Trump’s visit is two months away, there’s more certainty in how the exchange rate is faring.

Meade Kuribreña said that when faced with uncertainty and volatility, people must be certain, but need to wait for the exchange rate to stabilize.

During the “The 1917 Constitution and Public Finance” forum at the National Palace, Meade Kuribreña talked about the need for finding equilibrium so that stability can be achieved.

When asked about the possibility that a populist government would come to power, Meade Kuribreña said that the best armor is conscious citizens.

National Action Party (PAN) Senator Ernesto Cordero, said that now is the time to find alternatives so that the states and municipalities stop simply asking for resources, which creates a greater problem.

“A state or municipal government, instead of making a collection effort, what they do is extend a hand and fall deeper into debt. And then the next person has to pay the debt and that is something that needs to be resolved,” said Cordero.

Cordero also questioned the special tax for sugary beverages and signaled that this is only hurting the poor, as sodas are still being consumed and the obesity indexes are still on the rise.

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