Mexico implements measures to ensure stability of financial markets

Adds details on finance ministry measures

MEXICO CITY, Feb 4 (Reuters) - Mexico's finance ministry said on Tuesday it was implementing measures to guarantee the stability of financial markets, as the peso currency and local stock exchange have undergone extended volatility amid the threat of U.S. tariffs on Mexican exports.

Among the measures, the so-called budget revenue stabilization fund was strengthened and capitalized with more than 100 billion pesos ($4.87 billion), while the government will continue to look for ways to improve the debt maturity profile and reduce short-term liquidity needs.

On January 31, the government refinanced 185 billion pesos it debt, extending debt maturities by an average of 2.14 years, the finance ministry said in a statement.

"The third measure involves the implementation of a hedging program with derivative financial instruments, which contributes to reduce risk amid adverse conditions in the financial markets," said the ministry.

($1 = 20.5204 Mexican pesos)