BOGOTA

Mexican President Andres Manuel Lopez Obrador unveiled an economic rescue plan to deal with the economic crisis caused by the novel coronavirus pandemic and drop in oil prices. 

The decree, which entered into force Wednesday after being published in the Official Journal of the Federation, includes a series of measures with which the government hopes to “protect 70% of the Mexican population” as the country faces a health and economic emergency.

There are 11 austerity measures in total, including a 25% reduction in the salaries of senior public officials, the cancellation of 10 undersecretary positions, the creation of two

Read more: Mexico launches economic relief plan amid COVID-19