Capital flight from Mexico, a problem since April, slowed at the end of 2025

Foreign superior outflows slowed successful December, reversing a formation that had been changeless since April 2025.

The Institute of International Finance (IIF) reported that successful the last period of 2025, overseas investors bought US $1.322 cardinal worthy of Mexican bonds, the astir important surge successful indebtedness acquisition by overseas investors among emerging markets tracked by the IIF.

Entre enero y noviembre de 2025, inversionistas extranjeros retiraron 135 mil 932 millones de pesos de valores gubernamentales de México. La salida refleja aversión al riesgo, politician endeudamiento, revisión del T-MEC e incertidumbre financiera internacionalhttps://t.co/u6jlZx4RHZ pic.twitter.com/hG8snevxn6

— Región Global (@Region_Global) January 9, 2026

But the December rebound was minimal successful opposition to the US $7.0234 cardinal that was divested from Mexican bonds passim 2025, subtracting superior from Mexican coffers. It was one of the largest outflows of overseas superior from authorities instruments successful caller years.

Further tempering the bully quality is that it lone reflects the indebtedness market. Final equity marketplace figures are pending, but the IIF has reported that done November 2025 Mexico’s equity marketplace saw a US $5.0046 cardinal outflow from Mexico.

Grupo Monex expert Janneth Quiroz Zamora told the paper La Jornada that the outflows bash not signify a wide nonaccomplishment of entree to markets oregon a financing crisis. Instead, she described them arsenic a effect to the planetary summation successful hazard aversion. 

“Episodes of fiscal volatility, geopolitical tensions and doubts astir planetary maturation led to a wide simplification successful vulnerability to emerging markets,” she said.

Quiroz said Mexico inactive has “relatively coagulated macroeconomic fundamentals” and referred to the exodus of superior arsenic a portfolio rebalancing.

“Some planetary funds reduced their vulnerability to Mexican bonds … arsenic portion of planetary rebalancing strategies, taking profits aft respective years of beardown show by the peso,” she said.

The peso went from 20.88 to the US dollar astatine the extremity of 2024 to 18 to the dollar by the extremity of 2025, a noticeable 16% appreciation.

The IIF besides noted that portion wide Foreign Direct Investment (FDI) successful Mexico reached grounds highs, caller investments declined. They accounted for conscionable 9% of the total, with reinvestments and intra-company transactions making up the bulk of the inflows. Also,  nearshoring opportunities had not importantly improved the reshoring process arsenic a percent of full FDI. 

The IIF besides projected that Mexico’s system would neglect to scope 1% maturation for a 2nd consecutive twelvemonth successful 2026, citing “uncertainty surrounding tariffs, the upcoming US-Mexico-Canada escaped commercialized statement reappraisal and home organization fragility.”

With reports from La Jornada and Mexico Business News