Mexico: Review Under the Flexible Credit Line Arrangement-Press Release; and Staff Report
November 24, 2015
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This paper discusses Mexico’s Review Under the Flexible Credit Line (FCL) Arrangement. Mexico has navigated successfully a complex external environment, characterized by falling commodity prices, a sharp appreciation of the U.S. dollar, and heightened volatility in international financial markets. The economy continues to grow at a moderate rate and inflation is close to the target. Looking ahead, activity should be supported by strengthening external demand and by the implementation of the structural reforms. The IMF staff’s assessment is that Mexico continues to meet the qualification criteria for access to FCL resources
Subject: Economic sectors, Emerging and frontier financial markets, External debt, Financial markets, Oil prices, Prices, Public debt, Public sector
Keywords: CR, Emerging and frontier financial markets, FCL arrangement, FCL resource, GDP, Global, IMF's Executive Board, ISCR, Mexican peso, Mexico, Mexico's track record, Oil prices, Public sector
Pages:
30
Volume:
2015
DOI:
Issue:
322
Series:
Country Report No. 2015/322
Stock No:
1MEXEA2015004
ISBN:
9781513503158
ISSN:
1934-7685
