Mexico owes the United States about 20 billion dollars, How much money has the United States forgiven bad debit?
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I know that mexico has owed the united states a ton of money. I know that they failed to repay billions of dollars. I think that we have let them slide more then once. can anyone tell me a round about figure of dollars mexico should owe us?
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Answer:
Mexico does not owe anything to the US, because the existing law prevents the Mexican government to acquire such kind of obligations. What it does is to sell Federal Treasury certificates (CETES), Federal Government Development bonds (BONDES), Investment Unit bonds (UDIBONOS) and other kinds of debt to private institutions, including national and international would-be purchasers. I believe the US government does not acquire such kind of debt, because it already has its own debt issue.
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