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Proposals that Pemex invest in new refining capacity to substitute for gasoline imports would entail higher borrowing and larger contingent liabilities to Fitch said at time Proposals that Pemex invest in new refining capacity to substitute for gasoline imports would entail higher borrowing and larger contingent liabilities to the Fitch said at the time NegativeMEXICO CITY The International Monetary Fund on Thursday called for an improvement in Mexican state oil company Pemexs financial position before it invests in building new refineries http://www.reuters.com/places/mexico/article/us-mexico-imf/mexico-should-fix-pemex-finances-before-new-refining-investments-imf-idUSKCN1ND2R12018-11-09