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MEXICO WEEKLY


 

State of the World's Plants 

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For the first time, a baseline assessment of our current knowledge on the diversity of plants on earth, the global threats these plants currently face, and the policies in place and their effectiveness in dealing with these threats.

On the diversity of plants, we can report that there are now an estimated ~391,000 vascular plants known to science of which 369,000 are flowering plants. Around 2000 new vascular plant species are described each year. In 2015 these included a massive leguminous tree (Gilbertiodendron maximum), more than 90 species of Begonia, 13 new species from the onion family, and discovery of a close relative of sweet potato (Ipomoea batatas). Most were found during fieldwork, some in herbarium specimens, while one of the largest carnivorous plants known (1.5m in height) a new insect-eating plant, Drosera magnifica was first discovered on Facebook. However, there are still large parts of the world where very little is known about the plants. Identification of these important plant areas is now critical. Similarly, we still only know a fraction of the genetic diversity of plants and whole-genome sequences are currently available for just 139 species of vascular plants.

In terms of uses of plants, at least 31,000 plant species have a documented use as medicines, food, materials and so on. A further 3,546 crop wild relatives are prioritised for collecting and preservation in genebanks. These plants, from a wide range of geographic and ecological locations, provide a pool of genetic variation that is of critical importance to global food security. More research effort is needed to build up these collections in global gene banks including Kew’s Millennium Seedbank.

 
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Financial Times
Trade pacts: Latin America’s new faultline
May 24, 2016

Five centuries after Pope Alexander VI ruled on how Spain and Portugal should divide up the New World, a new split is emerging between trading nations facing the Pacific and Atlantic coasts of Latin America.

Just as the 1494 Treaty of Tordesillas determined centuries of colonial history, so the faultline between today’s trade pacts representing two culturally and politically diverse groups of nations, could determine the shape of Latin America’s next century...

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Financial Times
Banxico plays down odds of surprise rate move

May 25, 2016

Agustín Carstens, Mexico’s central bank governor, moved on Wednesday to quell speculation that the peso’s recent falls against the dollar could force the bank into another extraordinary interest rate hike.

Banxico will try hard to stick to its monetary policy calendar, Mr Carstens told a news conference after presentation of the bank’s quarterly report, reports Jude Webber in Mexico City...

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Malawi is in talks with Ukraine, Brazil and Mexico to source corn, a staple food, as about half the African country’s population of 17 million faces shortages, a minister said.

“We are so certain about Ukraine,” Agriculture Minister George Chaponda said. “We are also in talks with Mexico and Brazil. However, we may have challenges with Brazil because our neighbors have already sourced a bigger chunk of corn from that country.”...

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Reuters
IMF OKs new two-year $88 billion flexible credit line for Mexico
May 27, 2016

The International Monetary Fund on Friday boosted its flexible credit line with Mexico to $88 billion in a bid to support Latin America's No. 2 economy, whose currency has been battered by global volatility.

The fund said it canceled a previous flexible credit line, which was for $67 billion and approved on November 26, 2014. The new credit line will last for two years, the fund said.

Mexico's macroeconomic policies "remain very ...

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Bloomberg
Bond Buyers Hard to Come by in Mexico as Rate Bets Upend Auction
May 27, 2016

Mexico is having a hard time luring investors to its local bonds.

At a Tuesday auction of 20-year peso notes, the bid-to-cover ratio -- which gauges demand by comparing total bids with the amount of debt offered -- sank to the lowest since at least April 2014, according to the central bank. Yields on the notes surged 0.34 percentage points from an auction six weeks earlier....

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UEFA
Zidane proud after Real Madrid penalties win

May 29, 2016

Physically we suffered quite a bit, but that's normal. Mentally it's a lot of pressure that you have to bear. In the end you have to fight and that's what we did. When you win something as big as the Champions League, it means a lot â€“ for the players and the technical staff.

I dreamt of this â€“ I'm very positive. When the president gave me this chance, with this group of players ... when you have players of this calibre, with this talent...

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The Economist
The view from Veracruz

May 28, 2016

VERACRUZ calls itself “four times heroic” to commemorate the occasions in the 19th and 20th centuries on which it resisted foreign assaults. The election campaign taking place in the port city on the Gulf of Mexico, and in the surrounding state of the same name, is less edifying. Héctor Yunes Landa, the candidate of the ruling Institutional Revolutionary Party (PRI) for the governorship of the state, calls his rival, Miguel Ángel Yunes Linares, “a pervert, sexually sick”. He warns voters to “take care of the safety of your children.” Mr Yunes Linares... 

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El Universal
European Union, Mexico Launch update of free trade deal

May 29, 2016.

The European Union and Mexico have launched talks to update a free trade agreement that one EU official says has already led to rise of over 250 percent in goods traded between them.

Trade Commissioner Cecilia Malmstrom said monday the pact that went into effect in 2000 should be broadened to dismantle additional trade barriers and open makers more effectively. 

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