translated from Spanish: IMF lowers Mexico growth forecast to 0.9% by 2019

Mexico.- Mexican President Andrés Manuel López Obrador on Tuesday attributed to the “recipes” of the International Monetary Fund (IMF) the rise of insecurity and poverty in Mexico, following a further downward adjustment of the country’s growth forecast.” The IMF’s proposals, its prescriptions, (led to the unleashing of insecurity and violence in the country,” the representative from the National Palace said at his daily morning conference.

The IMF on Tuesday predicted that Mexico will advance at 0.9% this 2019, seven-tenths less than previously anticipated. HELP US Click on the Google News star and follow usHowever, López Obrador remains convinced – despite going against the current of institutions such as the Bank of Mexico – that the country will grow at 2% this year and 4% on average annually during its six-year, culminating in 2024.
“Did the president say with some sternness about being questioned by the press. Well, “I’m still the same” with his prognosis, he continued. He then reflected on the IMF and said he did not have “much confidence” with the IMF because he pushed for “a neoliberal policy that caused many misfortunes to Mexico.”
All these agencies should offer apologies to the people of Mexico and make self-criticism, he argued.

He considered that the policies supported by this agency, such as energy reform – which opened the sector to private initiative – or education, were “a failure.” He believed that “globality was the panacea, and that with structural reforms, god, happiness was going to come for the people,” he riveted.
But “none of this happened” and even taxes were raised and the economy paralyzed, he said. For all this, he attributed to the IMF’s “recipes” – for its neoliberal approach – the rise of violence and insecurity in Mexico, which is now at record levels. However, the leader of the leftist National Regeneration Movement (Morena) said that he does not intend to “give up” any of these international organizations, as Mexico is part of the “global financial system”.
But they’re not going to tell Mexico’s future anymore, he said.

Finally, he reiterated that from now on Mexico will account for not only growth, but also development, which would include factors such as employment, purchasing power or wealth distribution.

Original source in Spanish