Mexico: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

February 13, 2009

Preview Citation

Format: Chicago

Mexico: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

The staff report on Mexico’s 2008 Article IV Consultation focuses on economic and financial sector implications of the global crisis. Inflation has been anchored in a low range, and public and private balance sheets have been substantially strengthened. Most importantly, public external debt and financing requirements have been sharply reduced. The external current account position has been solid, and official reserves have been built up steadily, though not to the extent in some other emerging markets. The banking system is highly profitable and well capitalized.

Subject: Credit, External debt, Fiscal policy, Fiscal stance, International trade, Money, Oil exports, Public debt

Keywords: Above-target inflation expectation, CR, Credit, Economy, Europe, Fallback financing option, Fiscal policy stimulus, Fiscal stance, Global, ISCR, Liability positions vis, Mexico, Monetary policy, North America, Oil exports, Weakening economy

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/053
Stock No:

1MEXEA2009003
ISBN:

9781451825848
ISSN:

1934-7685

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