Ernesto Revilla, managing director and head of Latin America economics at Citigroup: “The Mexican government’s inflation fighting announcements are mostly hollow. Inflation forecasts by analysts were largely unmoved after the announcement of the ‘Package Against Inflation and Shortage’ (PACIC). The main policy that has had a meaningful effect on inflation is the subsidy to the price of gasoline and diesel, which has kept inflation close to 2.5 percentage points lower than what it would have been. However, this measure was in place before PACIC (through many administrations, in fact), and comes at huge fiscal and environmental costs. The expected fiscal cost of keeping gasoline prices low is close to $21.5 billion, or 2.4 percent of GDP –about half the education budget. This might not be the best use of those resources, especially as…”
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Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org
Carl David
Goette-Luciak
Reporter
Nili Blanck
Reporter
Diego Arria
Director,
Columbus Group
Merike Blofield
Professor of Political Science,
University of Hamburg
Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies
Joyce Chang
Global Head of Research,
J.P. Morgan
Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)
Peter Hakim
President Emeritus,
Inter-American Dialogue
Donna Hrinak
Director,
Adtalem Global Education
Jon E. Huenemann
Council Member,
GLG Inc.
James R. Jones
Chairman,
Monarch Global Strategies
Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil
Barbara Kotschwar
Professor of Political Economy,
Georgetown University
John Maisto
Director,
US Education Finance Group
Nicolas Mariscal
Chairman,
Grupo Marhnos
Thomas F. McLarty III
Chairman,
McLarty Associates
Beatrice Rangel
Director,
AMLA Consulting
Ernesto Revilla
Head of Latin American Economics, Citi
Gustavo Roosen
President,
IESA
Andrés Rozental
President, Rozental &
Asociados
Shelly Shetty
Managing Director,
Sovereigns, Fitch
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