Mexico: Review Under the Flexible Credit Line Arrangement: Staff Report; and Press Release on the Executive Board Discussion
December 22, 2011
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Mexico’s policy stance has focused on balancing domestic and external conditions, supporting the recovery while rebuilding policy buffers through fiscal consolidation and reserve buildup. Growth has remained resilient during the first half of 2011 and is expected to continue into 2012, albeit at a more moderate pace. Downside risks remain elevated, associated with possibly protracted low growth in the United States and bouts of heightened global risk aversion from unsettled market conditions in Europe. The Mexican peso has depreciated by about 8 percent in nominal effective terms since the beginning of the turmoil in Europe.
Subject: Economic sectors, Exchange rates, External debt, Financial services, Foreign exchange, Inflation, Public debt, Public sector, Real interest rates
Keywords: accounts payable, core inflation, CR, creating flow, debt, debt ratio, debt sustainability framework, debt trajectory, dollar, Europe, exchange rate, Exchange rates, Global, inflation expectation, ISCR, Mexican peso, Mexico, period debt stock, Public sector, Real interest rates, sustainability analysis, trade balance, updated debt sustainability analysis
Pages:
21
Volume:
2011
DOI:
Issue:
367
Series:
Country Report No. 2011/367
Stock No:
1MEXEA2011004
ISBN:
9781463927905
ISSN:
1934-7685
