Mexico's Bold Move: No Market Borrowing for Pemex Debt Restructuring

In a significant shift away from traditional financing strategies, the Mexican government has decided against tapping into the market to alleviate the burgeoning debt of its state-owned oil company, Petróleos Mexicanos (Pemex). Instead, the administration under President Andrés Manuel López Obrador is focusing on restructuring the tax regime to find alternative solutions. This decision comes amidst growing concern about Pemex's financial viability and its impact on the country's economy.

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