Mexico: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release and Staff Report

International Monetary Fund

No 2017/355, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Mexico’s Arrangement Under the Flexible Credit Line (FCL) and Cancellation of Current Arrangement. Mexico continues to face significant uncertainty regarding the pace and outcome of the negotiations on the North American Free Trade Agreement. The authorities are requesting a two-year precautionary FCL arrangement and the cancellation of the current arrangement, approved on May 27, 2016. They consider that, in an environment where external risks affecting Mexico remain elevated, an FCL arrangement in the requested amount will play a critical role in supporting their overall macroeconomic strategy, preserving investor confidence, and providing insurance against tail risks. The IMF staff supports the authorities’ request.

Keywords: ISCR; CR; fund; resilience to external shocks; inflation targeting; amount; fcl; fcl arrangement; risk environment; inflation-targeting framework; GRA credit exposure; Fund credit to México; Mexico's fcl; Fund exposure to México; Mexico's debt ratios; Debt service; Current account; Inflation; Global (search for similar items in EconPapers)
Pages: 55
Date: 2017-11-30
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=45433 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2017/355

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi (amodi@imf.org).