Last week, relevant reports were presented regarding the Mexican economy: the Gross Domestic Product (GDP) and the financial results of Petróleos Mexicanos (Pemex) in the first quarter.
Regarding Pemex, the high cost of financing has been a growing problem. Despite being backed by the government, Pemex faces losses while expanding in refining. The company also struggles to obtain resources. These challenges impact both Pemex and public finances, threatening the government's ability to meet its fiscal goals and maintain an investment rating.
Efficiency in production and financing are the most significant challenges for Pemex. Inefficiencies in certain products generate losses, while financing its operations poses sustainability issues.
As for the GDP, the modest growth of 0.2% is received with optimism. Despite the slowdown, it is noted that public investment has an impact on economic activity. A positive change is observed by allowing private sector participation in the energy sector.
Pemex's results reveal problems in resource and supplier management. Many suppliers have reduced the quality of their services due to payment delays. Collaboration with the private sector becomes crucial for economic development.
Therefore, it is essential that the current government designs a structural plan for Pemex in order to preserve the country's investment rating. Interaction with suppliers, efficiency in production, and fiscal management are critical aspects for the future of the company and Mexico.
