MEXICO CITY: Mexico has begun a process of refinancing state-owned Petroleos Mexicanos’s (Pemex) debt, after the nation received a transfer of about US$12bil (RM49.77bil) from the International Monetary Fund (IMF).
President Andres Manuel Lopez Obrador said that refinancing had begun, and restated that he wanted to use newly issued IMF reserves to pay debt, but that he couldn’t provide further details. His spokesman Jesus Ramirez confirmed to Bloomberg News that Pemex’s debt was being refinanced.
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