China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

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Skip Navigation LinksHome :: Back Issues :: Fiscal deficits: Mexico makes little progress

October 2009

Fiscal deficits: Mexico makes little progress


Calderón needs tougher measures to solve the fiscal deficit problem.


Mexico’s government is stuck in a rut. Its tame fiscal package announced in early September led some analysts to predict a possible sovereign downgrade and did nothing to assuage concerns about the fiscal health of the country.

President Felipe Calderón’s PAN government presented its 2010 fiscal plan to Congress but it offers...


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