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Representatives of almost 100 governments have been invited to meet in Los Cabos, Mexico, on 1-2 September to decide next steps in a global campaign to improve transparency and exchange of banking and ownership information for tax purposes.
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This analysis highlights, from a governmental and political perspective, the need to avoid fiscal deteriorations around elections in Latin America.
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Corrigendum on page 28, table 1.4.
Despite improved fundamentals, Mexico is hit hard by the financial crisis, being exposed to several simultaneous external shocks. A welcome, but weak, stimulus was passed for 2009, and policy will likely need to be supportive also in 2010.
Fiscal policy is highly dependent on volatile oil income. The balanced budget rule can create a bias for spending oil revenues as they are earned, especially as transfers to the stabilization funds are limited by caps at low levels. This can potentially lead to a pro-cyclical bias in fiscal policy. Revenues have also been lower than they could have, if gasoline prices had adjusted with international prices instead of a price smoothing
While Mexico’s growth performance has gradually improved over the past decades, its convergence toward OECD countries has been slow.
Summary of Economic Surveys: Mexico
The 2009 Mexico Survey covers the impact of the economic crisis and policy response; management of oil revenues; improving efficiency of health and education spending; and how to boost longer-term ec
Despite progress over the past two decades Mexico’s health and education indicators remain well below the average of the OECD and some of its Latin American emerging market peers.
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This review of Mexico assesses the main challenges faced by the VET system and presents an interconnected package of five policy recommendations. Each recommendation is described in terms of the challenge, the recommendation itself, supporting arguments, and issues of implementation.