💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Mexican president rejects calls to ease Mexico's external debts

Published 04/03/2020, 11:00 AM
Updated 04/03/2020, 11:05 AM
© Reuters. Mexico's President Obrador holds a news conference in Mexico City

MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador on Friday dismissed calls to ease Mexico's debt obligations with external creditors, saying the country could manage and would continue to meet its commitments.

"I don't agree with cancelling public debt. I don't agree with that, not even in getting an extension," he told a regular government news conference. "We have the capacity."

Senior politicians in the leftist president's own party have in recent days proposed that creditors ease Mexico's external debts to help the country emerge from the coronavirus crisis.

© Reuters. Mexico's President Obrador holds a news conference in Mexico City

But Lopez Obrador said he regarded the issue as non-negotiable, noting that foreign powers had in the past used Mexico's debt obligations as a pretext to meddle in the country's affairs, including launching invasions.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.