Economics
AMLO Warns Mexican Central Bank Over Business Lending Program
- President says he won’t support programs that expand deficit
- Mexican government won’t back IDB Invest business loan program
Andres Manuel Lopez Obrador
Photographer: Alejandro Cegarra/BloombergThis article is for subscribers only.
President Andres Manuel Lopez Obrador said that the central bank should ensure that emergency credits granted to businesses be withheld from companies that had problems even before the coronavirus pandemic hit.
In a Monday morning press conference, the president said that if the loans blow out the budget deficit, he would not accept them.