Mexico: Staff Report for the 2001 Article IV Consultation
IMF Staff Country Reports, October 25, 2001
Source details
- Canonical URL
- Mexico: Staff Report for the 2001 Article IV Consultation
Other formats
Bibliographic details
- Published: October 25, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451825541.002
Executive summary and key findings
- The Mexican economy has performed well since the last Article IV Consultation.
- Executive Directors commended the authorities for maintaining prudent fiscal and monetary policies in the face of financial turbulence in emerging markets and the slowdown in the United States.
- The staff and Executive Directors appreciated the improved fiscal transparency.
- The banking system was characterized as robust.
- The report stressed the need to maintain macroeconomic stability.
- International reserves were described as adequate.
- The country's data were judged to be of good quality and adequate to conduct surveillance effectively.
Policy implications and recommendations
- Maintain prudent fiscal policy to preserve macroeconomic stability amid external shocks.
- Continue prudent monetary policy to navigate spillovers from emerging-market financial turbulence and U.S. slowdown.
- Sustain and deepen fiscal transparency efforts.
- Preserve the strength and oversight of the banking system to ensure financial stability.
- Maintain adequate international reserves as a buffer against external volatility.
- Ensure continued quality and availability of macroeconomic data to support effective surveillance.
Subject coverage and keywords
- Subject areas: Balance of payments, Commercial banks, Current account deficits, Economic sectors, External debt, Financial institutions, Public debt, Public sector
- Keywords: Commercial banks, CR, Current account deficits, deficit, demand, Global, import growth, inflation expectation, inflation rate, ISCR, North America, oil export, PEMEX revenue, Public sector, staff appraisal