AMLO announces refinancing of Pemex credit lines for 8 billion dollars

President Andrés Manuel López Obrador announced Thursday the refinancing of a loan for the amount of 8 billion dollars that will be destined to Petróleos Mexicanos (Pemex).

Through his Twitter account, the President shared a video that shows the meeting he held with representatives of various national and international financial institutions.

"We signed a refinancing agreement to renew revolving lines of credit for 8 billion dollars, with lower interest rates and longer time, to strengthen Pemex throughout the six-year period," the Chief Executive wrote.

For his part, one of the directors of the banks said he was satisfied with the agreement he reached with the federal government.

"Pemex is a fundamental company for the development of our country. It was battered because it was not administered properly; Above all, it was not administered honestly," assured the President.

In a second tweet, Tabasco highlighted the confidence that the financial institutions that joined the project have deposited in Mexico, the most important in the history of Mexico.

"23 national and foreign banks participated, including 14 of the 20 largest in the world. It is the most important operation of this type in the history of Mexico. In short, they have confidence in us."

By Agencies

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