Reuters exclusive interview with Mexico’s Finance Minister Arturo Herrera

In an exclusive interview with Reuters, Mexico’s Finance Minister Arturo Herrera said that the government would later this year discuss the possibility of a tax reform in the country with the lowest tax take of the Organization for Economic Cooperation and Development (OECD) members, in the clearest indication yet that an overhaul is possible. President Andres Manuel Lopez Obrador vowed no new taxes for the first three years of his government, a period that ends in December. In the interview, Herrera also confirmed an earlier Reuters report revealing the finance ministry’s plan for a capital injection of between $1.3 and $1.6 billion for ailing state oil company Pemex in 2021 – news that sent the oil company’s 2044 bond price up almost 4%.