Mexico: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement

January 10, 2011

Preview Citation

Format: Chicago

Mexico: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

Strong economic fundamentals, robust policy framework, and a sustained track record of excellent policy implementation have facilitated the maintenance of orderly economic conditions in Mexico even amidst the substantial external volatility during the global crisis. Executive Directors welcomed the authorities’ commitment to maintain Mexico’s strong policy frameworks and take needed actions to manage unforeseen risks. The arrangement of contingent financing with the IMF through the Flexible Credit Line has helped Mexico to maintain confidence and also to insure against external risks while supporting a macroeconomic strategy.

Subject: Credit, Debt service, Economic sectors, External debt, Money, Public debt, Public sector

Keywords: CR, Credit, Debt service, FCL arrangement, FCL drawing, Global, IMF facilities, ISCR, Policy credibility, Public sector, Real GDP, SDR, Successor FCL

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/011
Stock No:

1MEXEA2011001
ISBN:

9781455213641
ISSN:

1934-7685

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