{"id":54121,"date":"2020-07-11T19:50:32","date_gmt":"2020-07-12T00:50:32","guid":{"rendered":"https:\/\/olduvai.ca\/?p=54121"},"modified":"2020-07-11T19:50:36","modified_gmt":"2020-07-12T00:50:36","slug":"mexico-state-oil-company-files-22-billion-debt-swap-amid-imf-threats-and-white-house-visit","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=54121","title":{"rendered":"Mexico State Oil Company Files $22 Billion Debt Swap amid IMF Threats and White House Visit"},"content":{"rendered":"\n
\"Mexico<\/a><\/figure>\n\n\n\n

THE \u201cNEW NAFTA\u201d<\/p>\n\n\n\n

Mexico State Oil Company Files $22 Billion Debt Swap amid IMF Threats and White House Visit<\/a><\/h3>\n\n\n\n

Mexico\u2019s economy is put in the crosshairs by the IMF as the \u201cnew NAFTA\u201d takes effect and AMLO is forced to make concessions to avoid an even deeper recession.<\/strong><\/p>\n\n\n\n

M<\/strong>exico\u2019s president, Andres Manuel Lopez Obrador, known colloquially as AMLO, arrived back<\/a> in his nation\u2019s capital yesterday aboard an American Airlines flight after his first state visit to the United States since taking office in a historic, landslide victory<\/a> in 2018. The commercial flight included a stopover at Miami International Airport as coronavirus-induced protocols have resulted in the suspension of direct flights in and out of the North American country.<\/p>\n\n\n\n

AMLO\u2019s choice of traveling commercial instead of flying on the official presidential airplane<\/a> is part of a carefully-crafted everyman image he has been cultivating for years since he left the ranks of the once immovable conservative ruling party, the PRI, and joined the left-leaning PRD in the late 1980s. In 2014, Obrador formed a new party called MORENA<\/a> after having served as Mexico City\u2019s mayor for four years and later losing his first bid to become president in 2006.<\/p>\n\n\n\n

The Trump White House hosted AMLO on Wednesday, one day after Pemex \u2013 the embattled Mexican state-owned petroleum company \u2013 announced a $22.4 billion debt swap<\/a> to mitigate its massive financial liabilities. The swap will be the largest of the recent refinancing operations carried out by the once state-owned company; and while the filing with the U.S. SEC did not specify when the bonds would be issued, the action was intended to alleviate pressure mounting on the oil giant, which Obrador had planned to use as a \u201cpillar<\/a>\u201d in his strategy to turn the Mexican economy around. Falling oil prices, however, have severely hampered the execution of that idea.<\/p>\n\n\n\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

THE \u201cNEW NAFTA\u201d Mexico State Oil Company Files $22 Billion Debt Swap amid IMF Threats and White House Visit Mexico\u2019s economy is put in the crosshairs by the IMF as the \u201cnew NAFTA\u201d takes effect and AMLO is forced to make concessions to avoid an even deeper recession. Mexico\u2019s president, Andres Manuel Lopez Obrador, known […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5],"tags":[418,23910,29741,827],"class_list":["post-54121","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-imf","tag-mint-press-news","tag-raul-diego","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54121"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54121\/revisions"}],"predecessor-version":[{"id":54122,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54121\/revisions\/54122"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}