Government Finance Officers Association

The environment for Mexican finance has improved substantially to the point where the country enjoys an investment-grade sovereign credit rating and private lenders increasingly are willing to lend without any coverage from ECAs or multilateral entities. The energy sector generally has risen with the economy as a whole and a largely successful IPP program continues to evolve. However, there are indications that structural gas sector reforms and contractual risk management in IPPs9 gas purchases from PEMEX affiliates may not be keeping pace with reform in other areas. To the extent that IPP projects bear disproportionate fuel-supply risks, lenders will need to protect their interests through more onerous financing terms and greater sponsor support. As a consequence, power from IPPs may become more expensive, reducing the potential benefits of IPP power in Mexico.

Vice President, Government Relations International Association for Financial Planning Washington, D.C.

National Municipal ReviewVolume 35, Issue 1 p. 14-22 Article Wanted: Municipal statesmen DR. Carl H. Chatters, DR. Carl H. Chatters Dr. Chatters is executive director of the Municipal Finance Officers Association of the United Stdtes and Canada and secretary of the National Committee on Municipal Accounting. He is also member of the advisory committee on financial statistics of states and cities of the Bureau of the Census. Dr. Chatters is co-author of Local Government Debt Adwrinistration (1939) and Governmentul Accounting (1940), and author various pamphlets and articles on public administration, municipal finance and municipal accounting.Search for more papers by this author DR. Carl H. Chatters, DR. Carl H. Chatters Dr. Chatters is executive director of the Municipal Finance Officers Association of the United Stdtes and Canada and secretary of the National Committee on Municipal Accounting. He is also member of the advisory committee on financial statistics of states and cities of the Bureau of the Census. Dr. Chatters is co-author of Local Government Debt Adwrinistration (1939) and Governmentul Accounting (1940), and author various pamphlets and articles on public administration, municipal finance and municipal accounting.Search for more papers by this author First published: January 1946 https://doi.org/10.1002/ncr.4110350105 AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Volume35, Issue1January 1946Pages 14-22 RelatedInformation