Mexico: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement
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Summary:
This paper discusses Mexico’s Request for Arrangement Under the Flexible Credit Line (FCL) and Cancellation of the Current Arrangement. Mexico’s macroeconomic policies and policy frameworks remain very strong. Real GDP growth is projected to accelerate to 3.5 percent in 2015. The authorities are requesting a new FCL arrangement for two years at the same level of access. In their view, the risk of a rapid rebalancing of investor portfolios away from emerging markets remains elevated. The IMF staff considers the proposed access level of SDR 47.292 billion to be appropriate. Uncertainties surrounding the global outlook, including risks related to the tightening of monetary policy in the United States, remain high.
Series:
Country Report No. 2014/323
Subject:
Credit Debt service Emerging and frontier financial markets External debt Financial markets Money Public debt
English
Publication Date:
December 1, 2014
ISBN/ISSN:
9781498372817/1934-7685
Stock No:
1MEXEA2014003
Pages:
60
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