States initiate purely financial bonds

Headline: States initiate purely financial bondsSource: EuromoneyDate: October 2001Author: Robin Emmott MEXICO The 31 states of Mexico are bonding again. But unlike independence in 1821 this time it is purely financial.         Tijuana: growing fast but on a meagre budget Legislation passed in April allows Mexican states and municipalities to issue debt […]

Headline: States initiate purely financial bonds
Source: Euromoney
Date: October 2001
Author: Robin Emmott

MEXICO

The 31 states of Mexico are bonding again. But unlike independence in 1821 this time it is purely financial.

       
Tijuana: growing fast but on a meagre budget
Legislation passed in April allows Mexican states and municipalities to issue debt for the first time. Bonds are the order of the day and many states are preparing new issues for later this year.

In a country propelled forward by rapid economic growth but burdened by a mounting population the stretched finances of states and municipalities have been unable to keep up with the country’s infrastructure needs.










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