Mexico Brings Down Public Foreign Debt To $53.2 Billion

Figures released by Mexico’s finance ministry Thursday show that the country has brought down its public foreign debt, since the end of last year, by $12.5 billion to $53.2 billion as at October. Meanwhile, net public domestic debt rose by 152.5 billion pesos ($13.9 billion) during the same period as the government set about its program of exchanging foreign for domestic debt. The changes in its debt profile will help protect Mexico against external shocks.