Overview
- He said the exchange-rate bands will widen by about 1% each month and are designed to become irrelevant over time.
- He rejected calls from investors and some banks to liberalize the peso despite improved market sentiment after the midterm win.
- He defended the October U.S. Treasury action that bought pesos and outlined roughly $20 billion in financing, calling it a timely business decision.
- He targets a 2026 return to global markets and says a U.S. swap or line would cover liquidity to avoid default, with negotiations on a $20 billion private-bank facility continuing.
- He will push labor, tax and pension reforms and deeper spending cuts toward 25% of GDP, a program that will require alliances in a Congress where he lacks a majority.