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Mexico: Summary Of Economic Conditions, Debt Crisis Years

LADB Article ID: 072435
Category/Department: General
Date: Thursday, July 27, 1989
By: John Neagle

Since 1982, the Mexican government spent $56 billion more on debt repayments than it received in new financial aid, a resource drain equivalent to 6% of GDP per year. In that period, capital flight totaled an estimated $40 billion to $50 billion...

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