SEXENNIAL CURSE.

Author:Bustos, Sergio R.
Position::Brief Article
 
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Every six years, Mexico holds presidential elections. Each time since 1976, the country has plunged into a financial crisis. To keep the markets calm during the upcoming election in 2000, the Mexican government unveiled a $24 billion financing program to ensure an "orderly transition." The International Monetary Fund, The World Bank and the, Inter-American Development Bank, among others, agreed to make the money available for the government's reserves in a bid to end the sexennial curse. "The important thing is these are real resources, available if Mexico needs...

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