Advertisement

BRIEFLY

December 14, 1987

Mexico will take action to limit payments on its $103-billion debt if economic growth or job creation is affected, a Finance Ministry spokesman said. He was commenting on published statements by Luis Foncerrada, foreign credit director in the finance ministry, that Mexico will limit debt service if this threatens to impede growth of 2.5% or the creation of 1 million jobs annually. Mexico is not renegotiating its debt. But at last month's Acapulco summit of eight Latin American presidents, it aligned itself with calls for reduced debt service.

Advertisement
Los Angeles Times Articles
|
|
|