Mexico : Arrangement Under the Flexible Credit Line: Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
Release Date: © April, 2009
ISBN
: 978-1-45182-586-2
Stock #: 1MEXEA2009005
English
Stock Status: On back-order
Languages and formats available
English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
Paperback | Yes | ||||||
ePub | Yes | ||||||
Mobipocket | Yes |
Description
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.
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Taxonomy
Economic policy , Fiscal policy , Monetary policy
More publications in this series: IMF Staff Country Reports