Category: Regions

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.