Mexican President Urges G20 to Avoid Debt, Bailouts in Pandemic

In a report directed at G20 countries this month, the International Monetary Fund (IMF) singled out Mexico along with Brazil, Britain and the United States as countries that should increase fiscal support next year beyond projected levels.

RIO DE JANEIRO, BRAZIL - Mexican President Andres Manuel Lopez Obrador on Saturday urged fellow leaders from the 20 biggest world economies (G20) to steer clear of debt and bailouts in the efforts to handle the COVID-19 crisis that has caused a global recession.

From the start of the pandemic, which has claimed at least 100,000 lives in Mexico, the government has eschewed taking on debt to fund bailouts for businesses or cash payments for workers - a different approach from many other nations that have sought to cushion the economic blow.

In a report directed at G20 countries this . . .

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