Mexico: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, February 13, 2009
Source details
- Canonical URL
- Mexico: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
Other formats
Bibliographic details
- Published: February 13, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451825848.002
Executive summary and focus
- The staff report focuses on economic and financial sector implications of the global crisis.
- Inflation has been anchored in a low range.
- Public and private balance sheets have been substantially strengthened.
- Public external debt and financing requirements have been sharply reduced.
- The external current account position has been solid.
- Official reserves have been built up steadily, though not to the extent in some other emerging markets.
- The banking system is highly profitable and well capitalized.
Major themes and subject areas
- Credit
- External debt
- Fiscal policy
- Fiscal stance
- International trade
- Money
- Oil exports
- Public debt
Keywords and noted issues
- above-target inflation expectation
- CR
- Credit
- economy
- Europe
- fallback financing option
- fiscal policy stimulus
- Fiscal stance
- Global
- ISCR
- liability positions vis
- Mexico
- monetary policy
- North America
- Oil exports
- weakening economy