Mexico City /
At the close of the second quarter of the yeareither, the International Investment Position (PII) Net of Mexico, that is, the difference between the balances of financial assets and liabilities of residents of the country with foreigners fell 13.79 percentreported the Bank of Mexico (Banxico).
From April to June, the country had a Debit balance of 680.3 billions dollars, a figure that represented 34.7 percent of the Gross domestic product (GDP) of the country, the central bank detailed.
This figure presents a reduction compared to the immediately preceding quarter, as the country’s debt balance showed 789.2 billion of dollars, which represented a 41.8 percent of GDP.
The central bank commented that in the second quarter of 2024, the debtor position of direct investment decreased compared to the end of the first quarter of 2024, going from 613.1 to 555.5 billion dollars.
“The above was the net result of a balance of total assets of 804.3 billion dollars and a balance of total liabilities of 1,484.6 billion dollars,” Banxico highlighted.
The central bank He noted that with regard to the credit balance of another investment, he had a downward trendgoing from 39.5 billion dollars to 34.9, while the credit balance of financial derivatives contracted from $4.1 to $2.2 billion.
“Finally, the balance of reserve assets increased from 219.5 to 225.9 billion dollars in the same comparison,” Banxico added.
How did assets and liabilities fare?
The balance of financial assets at the close of the year second quarter in 2024 was $804.3 billion, which represented a drop of $1.3 billion from the previous quarter.
Banxico detailed that the above was a net result of increases in the areas of direct investmentportfolio investment and reserve assets and decreases in the items of financial derivatives and other investment.
On the other hand, as regards the liabilities of the central bank, it was one thousand $484.6 billionwhich represented a reduction of 110.2 billion dollars compared to the results from January to March of this year.
“This was due to lower balances in liabilities in all areas: direct investment, portfolio investment, financial derivatives and other investment,” Banxico added.
MATP
