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

April 17, 2009

Preview Citation

Format: Chicago

Mexico: Arrangement Under the Flexible Credit Line: Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2009) accessed November 27, 2024

Summary

This paper discusses the arrangement under the Flexible Credit Line (FCL) for Mexico. Mexico has achieved a high level of credibility in the institutional framework supporting macroeconomic policy formulation, and has a sustained a track record of implementing strong policies. Liquidity pressures have emerged in some market segments, while credit quality is also under strain in the consumer banking portfolio. The arrangement for Mexico is the first commitment under the IMF’s FCL, and is particularly useful for crisis prevention as it provides the flexibility to draw on the credit line at any time.

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

Keywords: CR, Credit, Credit to Mexico, Current account, Debt service, Executive Board discussion, Fund, Global, IMF's FCL, ISCR, Macroeconomic performance, Mexico, Private sector, Public sector, SDR

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/126
Stock No:

1MEXEA2009005
ISBN:

9781451825862
ISSN:

1934-7685

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