Mexico: Review Under the Flexible Credit Line Arrangement: Staff Report and Press Release on the Executive Board Discussion

July 7, 2009

Preview Citation

Format: Chicago

Mexico: Review Under the Flexible Credit Line Arrangement: Staff Report and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2009) accessed November 22, 2024

Summary

Mexico’s strong policy framework has helped cushion the impact of the global crisis. The staff report highlights Mexico’s review under the Flexible Credit Line Arrangement. The flexible exchange rate has adjusted, the inflation targeting framework has provided an anchor for expectations, and the fiscal rule and strengthened public sector balance sheets have averted disruptive moves in fiscal risk premia. Substantial liquidity has been provided to the foreign exchange market. Support has been put in place for a variety of domestic financial market segments.

Subject: Economic sectors, External debt, Financial services, Fiscal policy, Fiscal stance, Public debt, Public sector, Real interest rates

Keywords: CR, Current account, Executive Board discussion, Fiscal stance, Global, IMF's FCL, Inflation targeting framework, ISCR, Policy, Policy action, Public sector, Real interest rates, Review of Mexico's qualification

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/302
Stock No:

1MEXEA2009006
ISBN:

9781451825879
ISSN:

1934-7685

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