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
International Monetary Fund, Dec 7, 2012 - Business & Economics - 54 pages
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.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
amortization ARA Metric assets augmented balance Balance of Payments Bank of Mexico banks basis points Broad Money capital account current account deﬁcit debt in percent debt service Domestic Sovereign Bonds downside risks emerging market External Financing ﬁnancing ﬁscal ﬂows Foreign Direct Investment Fund credit Fund’s GDP deflator global crisis global risk aversion Historical Illustrative Adverse Scenario IMF staff estimates inﬂation International Monetary Fund international reserves Investment in Domestic IPAB keyvariables liquidity macroeconomic Mexico’s strong policy nominal interest rate ofGDP outﬂows PEMEX percent of baseline percent of GDP PIDIREGAS portfolio investment primary balance Private sector public debt Public external public sector debt ratio real depreciation real GDP growth real interest rate Reserve Accumulation reserve coverage Residents residual maturity revenue shock in percent short-term debt Sources of Drain standard deviation shocks stock of foreign strong policy frameworks total external debt trade balance