Category: Mexico

In the last decade, the Mexico-based cement company has transformed itself into a world-class company. The problem is, Cemex may eventually outgrow its home market.

While based on similar constitutional principles, Mexico’s confined legal framework differs from the US common law system. Foreign investors should understand the basics of the country’s legal system and its enforcement.

Part cheerleader, part idealist and all business, Vicente Fox Quesada is convincing Mexico – and the world – that with rationally designed policies, performance targets and a dose of zeal, he can put the country firmly on the road to modernization and growth.

Vicente Fox met with John Barham, editor of LatinFinance, at Fox’s new offices in the Los Pinos presidential compound in Mexico City. Fox, in his trademark cowboy boots, was relaxed and in high humor as he fielded questions that included reforming Pemex, the national oil company, ending the Zapatista uprising, increasing foreign direct investment and eliminating poverty.

The agenda of Mexico?s new president is emerging, and Vicente Fox appears to be tackling the domestic and international fronts with equal zeal. His strong popularity will help him navigate local political challenges as he seeks to make Mexico a major player in world affairs.

To avoid an increase in its current account deficit and increased pressure on the peso, Mexico needs to synchronize its business cycle with that of the US.

After a costly government rehabilitation program, Mexican banks are re-capitalized, restructured and back in private hands. As consolidation and foreign bank participation peaks, things are looking up for Mexico’s accident-prone banks.

Citibank Reaches Accord with MexicoCitibank and Mexico’s Institute for the Protection of Bank Savings (IPAB) settled their dispute over a controversial $2.5 billion debt prepayment made by IPAB to Citibank […]

The bank says its problems with Banco Confía, an ailing Mexican retail bank it bought in 1998, are close to an end. Senior Citibankers say the bank is at last ready to start growing in Mexico.

Early government action to protect Mexico from external financial shocks put it in solid shape for Vicente Fox’s administration. But with red flags on the horizon, there is still room – and time – to repeat history.