Mexico: Review Under the Flexible Credit Line-Press Release; Staff Report

May 23, 2017

Preview Citation

Format: Chicago

Mexico: Review Under the Flexible Credit Line-Press Release; Staff Report, (USA: International Monetary Fund, 2017) accessed November 23, 2024

Summary

This paper discusses Mexico’s Review under the Flexible Credit Line. Mexico’s very strong policies and policy frameworks have helped it navigate successfully a complex external environment characterized by the heightened risk of protectionism and financial market volatility. Inflation is above the central bank’s target, reflecting mainly the transitory effects of the liberalization of domestic fuel prices and the pass-through from the currency depreciation. Although the global environment and financial stability have improved somewhat recently, downside risks affecting Mexico remain elevated amid continued uncertainty about the outcome of the discussions with the United States on trade, as well as a possible renewed surge in capital flow volatility.

Subject: Banking, Central banks, Credit, External debt, Inflation, International reserves, Money, Prices, Public debt

Keywords: Anchor inflation expectation, CR, Credit, Credit line, FCL arrangement, FCL resource, Global, Headline inflation, IMF's Executive Board, Inflation, International reserves, ISCR, The Flexible credit line arrangement

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/129
Stock No:

1MEXEA2017001
ISBN:

9781484301364
ISSN:

1934-7685

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