OECD: Mexico Must Tackle Crime and Corruption to Spur Economic Growth Agence France-Presse
go to original January 9, 2015

In spite of President Enrique Pena Nieto's positive speeches to the contrary, falling petroleum prices, inflation, increasing lawlessness and the inablility of the average citizen to earn even a minimum wage, does not present a positive economic outlook for Mexico in 2015. (teleSUR English)

Mexico's ambitious economic reforms could spur growth, but only if the country can tackle crime and corruption, the OECD said Thursday.

The legislation passed by President Enrique Pena Nieto's administration could boost productivity and investment, and generate annual growth of four percent, the Organisation for Economic Co-operation and Development said in a report.

The reforms include breaking up the state oil monopoly, opening the telecommunications sector and overhauling the tax system.

"This ambitious agenda makes Mexico an example to be followed by other countries in need of reform, but full implementation is crucial, and concerted efforts are needed at all levels of government," said OECD Secretary General Angel Gurria in presenting the report in Mexico City.

Read the rest at MENAFN

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