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Mexico - August 2021

INTRODUCTION
This month the Latin American Regional Report: Mexico covers issues in the areas of public security, social and fiscal policy, and labour rights faced by the government led by President Andrés Manuel López Obrador...
SECURITY
For a long time, large parts of Mexico’s western state of Michoacán have been under the effective control of organised criminal groups...
STRATEGY
Mexico’s supreme court (SCJN) has issued a landmark ruling that in effect decriminalises the recreational use of marihuana...
POVERTY
Mexico’s national commission for the evaluation of social policy (Coneval), that federal government body that is responsible for measuring poverty and the effects that social policies have on its incidence, published a new report on 12 July analysing the impact that the government’s social policies adopted to mitigate recent disasters, in particular, the coronavirus (Covid-19) pandemic...
ECONOMY & FINANCE
In a 2 July interview with Spanish daily, El País, Mexico’s former finance minister Carlos Manuel Urzúa (2018-2019) highlighted that one of the most significant problems that governments in Mexico face at present –both at the federal and state level- is a lack of funds because tax revenue is only around 14.5% of GDP...
FINANCE
International credit ratings agency, Moody’s Investors Service, lowered its rating of Mexico’s state-owned oil firm, Pemex, from ‘Ba2’ to ‘Ba3’ on 27 July...
LABOUR RIGHTS
The Mexican press reported on 8 July that the Mexican and US authorities had reached an agreement over the reparations to be offered to make up for the labour rights violations denounced at a General Motors (GM) automobile assembly plant in Mexico’s Guanajuato state...
ECONOMIC HIGHLIGHTS
MEXICO| GDP growth...

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