Mexico is preparing to face financial volatility and tariff threats from Donald Trump, assured Rogelio Ramírez de la O, Secretary of Finance. The Mexican government has a solid financial base, including international reserves of 230 billion dollars, credit lines with the International Monetary Fund, and a 9 billion dollar swap with the U.S. Treasury.
Ramírez de la O highlighted that the country has a fiscal stabilization fund capitalized with over 100 billion pesos for the year 2025, which provides additional protection against potential financial shocks. He also mentioned that the Mexican banking system remains strong, with a capital sufficiency of 19.4% and low delinquency rates.
The Secretary of Finance emphasized that Mexico's international reserves are sufficient to cover four and a half months of imports, offering a first line of defense against external shocks. He also assured that macroeconomic and fiscal stability is maintained, keeping balances and debt levels within established targets.
After the pause in the 25% tariffs on Mexico, the exchange rate remains at 20.42 units. Ramírez de la O stressed the importance of the flexibility of the exchange rate as a natural buffer against trade disruptions, allowing for a mitigation of potential impact. Regarding dollar indexes, the DXY is up 0.60% at 109.02 points and the Bloomberg dollar index advances 0.21% to 1310.42 units.
