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

December 7, 2012

Summary

The report discusses the important role of the Flexible Credit Line (FCL) in helping Mexico to survive in the fragile global economic environment. The FCL’s contribution in maintaining an orderly financial market in Mexico is noteworthy. IMF staff reaffirms their commitment toward Mexico in taking the necessary actions to manage unforeseen risks. According to the IMF staff report, Mexico meets the qualification criteria for access to FCL resources, and staff recommends approval of a fund of SDR 47.292 billion for a period of 24 months.

Subject: Balance of payments, Current account, Debt service, External debt, Financial institutions, Public debt, Stocks

Keywords: CR, Current account, debt, Debt service, executive board discussion, FCL arrangement, fund, Global, Gra exposure, ISCR, market confidence, Mexico, private sector balance sheets, Stocks

Pages:
54
Volume:
2012
DOI:
https://doi.org/10.5089/9781475575095.002
Issue:
327
Series:
Country Report No. 2012/327
Stock No:
1MEXEA2012008
ISBN:
9781475575095
ISSN:
1934-7685

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