Mexico: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement: Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
March 25, 2010
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This paper discusses the Arrangement for Mexico Under the Flexible Credit Line (FCL) and Cancellation of the Current Arrangement. The recent upward trend in output in Mexico is expected to continue, leading to projected growth of 4 percent for 2010. Financial inflows are projected to gradually resume, reflecting a normalization of global liquidity conditions. IMF staff assesses that Mexico meets the qualification criteria for access to FCL resources and recommends approval of an FCL arrangement for Mexico of SDR 31.528 billion for a period of 12 months.
Subject: Credit, Debt service, Economic sectors, External debt, Money, Public debt, Public sector
Keywords: CR, Credit, current account, Debt service, executive board discussion, FCL drawing, GDP, Global, GRA exposure, inflation targeting, ISCR, Mexico, Public sector, real interest rate, successor FCL arrangement, sustained track record, swap line
Pages:
34
Volume:
2010
DOI:
Issue:
081
Series:
Country Report No. 2010/081
Stock No:
1MEXEA2010003
ISBN:
9781451981858
ISSN:
1934-7685
