Mexican Finance Minister Arturo Herrera Gutiérrez , before March 5 , 2020 , announced a package of economic measures put together to boost the economy in the wake of COVID-19 pandemic .
Also on 3 March , due to the Bank of Mexico declining to cut its overnight rate further following a 25 basis point cut on 13 February , Mexican Finance Minister Arturo Herrera Gutiérrez announced a fiscal stimulus program to accelerate government spending by the federal government of Mexico .
Socio-economic impact of the 2019–20 coronavirus pandemic