Mexico’s new president, Claudia Sheinbaum, is inheriting a fiscal imbalance equivalent to 5.9% of the country’s gross domestic product. If she holds to her electoral campaign promises, Mexico’s fiscal deficit may worsen, confronting the International Monetary Fund with a dilemma: accept a reputational cost or trigger a regional crisis.
The near-term focus on fiscal sustainability is necessary but it overlooks the looming cost of longer-term fiscal issues, such as tackling climate change and ageing populations.
OMFIF is pleased to be partnering with the Point Zero Forum in Zurich. The event brings together regulators, policy-makers, industry leaders and innovators to collaborate on the advancement of global financial systems.
Geoffrey Yu, senior Europe, Middle East and Africa market strategist at BNY Mellon, discusses the outcomes of the European Parliament election and the subsequent market implications.
The 11th edition of OMFIF’s Global Public Investor surveys 73 central banks to uncover how $5.4tn in international reserve assets are likely to be deployed across financial markets.
