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Mexico - Structural Adjustment Loan to the Estado de Mexico Project (Inglês)

The Structural Adjustment Loan for the Estado de Mexico, will support the Mexican Government in strengthening its decentralization reform process, which involves helping the other states adjust to hard budget constraints, such as reduced federal resources, and strengthened financial mechanisms, but also involves preparing the states with the financial, and technical capability to participate in forthcoming federal reforms to the tax, and transfer system, and for the provision of key social services, namely education and health, already decentralized with transfers to the states. In addition, the project will ensure macroeconomic stability, by reducing poverty, through increased resources for education and health services to the poor. Nonetheless, risks exist: 1) the state could revert to the fiscal imbalances of the past; 2) the Federal Government could withdraw its support to the reform program; 3) the state Congress, currently controlled by opposition parties, could block policy initiatives embedded in the adjustment program; and, 4) the reform program could prove too formidable a task for the government's implementation capacity. However, strong government commitments, the appropriate program design, and the accompanying Technical Assistance Project will help minimize those risks.


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    Relatório do Presidente

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    América Latina e Caribe,

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    Mexico - Structural Adjustment Loan to the Estado de Mexico Project

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