The Main Goals of Mexican Neoliberal Reform during the Salinas Sexenio

• Reduce inflation: annual rate of inflation fell from 159% in 1987 to 12% in 1992.



• Reduce fiscal deficits: declined from 17% of GDP in 1987 to a surplus in 1989.



• Reduce the external debt: fell from $107 billion in 1989 to $91 billion, mostly due to renegotiation with creditors.



• Privatization of state firms: occurred in diverse sectors (telecommunications, manufacturing, banking).



• Enhance commitment to free trade: North American Free Trade Agreement (NAFTA).



• Growth: investment improved from 18.8% of GDP in 1987 to 23.7% in 1991; growth rate increased from 1.2% in 1988 to 4.4% in 1990.