FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador gestures during a news conference at National Palace in downtown Mexico City, Mexico November 13, 2020.
REUTERS/Carlos Jasso/File PhotoMEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador on Sunday called on the Group of 20 (G20) major economies to improve external debt conditions for poor and middle-income countries, as the global economy suffers a recession from the coronavirus crisis.
The leftist president has warned against taking on debt and bailing out companies, even as Mexico’s economy is set to contract 10% this year, its worst slump since the Great Depression.
“Our proposal consists in ... making a reality the commitment to remove sums of debt and debt-servicing to the poor nations of the world,” Lopez Obrador said in a video as part of the G20 summit.
Lopez Obrador also said Mexico’s economy is meeting the government’s expectation of V-shaped recovery, and projected that by next March the number of formal jobs will bounce back to 20.5 million, the amount before the pandemic hit.
Andres Manuel Lopez Obrador, Carlos Jasso, ” Lopez Obrador, Lopez Obrador, Jose Luis de la Cruz
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