Mexico: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release and Staff Report

November 30, 2017

Preview Citation

Format: Chicago

Mexico: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release and Staff Report, (USA: International Monetary Fund, 2017) accessed September 18, 2024

Summary

This paper discusses Mexico’s Arrangement Under the Flexible Credit Line (FCL) and Cancellation of Current Arrangement. Mexico continues to face significant uncertainty regarding the pace and outcome of the negotiations on the North American Free Trade Agreement. The authorities are requesting a two-year precautionary FCL arrangement and the cancellation of the current arrangement, approved on May 27, 2016. They consider that, in an environment where external risks affecting Mexico remain elevated, an FCL arrangement in the requested amount will play a critical role in supporting their overall macroeconomic strategy, preserving investor confidence, and providing insurance against tail risks. The IMF staff supports the authorities’ request.

Subject: Balance of payments, Current account, Debt service, External debt, Inflation, Prices, Public debt, Trade relations

Keywords: Amount, CR, Current account, Debt service, Fcl, Fcl arrangement, Fund, Fund credit to México, Fund exposure to México, Global, GRA credit exposure, Inflation, Inflation targeting, Inflation-targeting framework, ISCR, Mexico's debt ratios, Mexico's fcl, Resilience to external shocks, Risk environment

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/355
Stock No:

1MEXEA2017004
ISBN:

9781484330821
ISSN:

1934-7685

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