Mexico: Review Under the Flexible Credit Line Arrangement: Staff Report and Press Release on the Executive Board Discussion

International Monetary Fund

No 2009/302, IMF Staff Country Reports from International Monetary Fund

Abstract: Mexico’s strong policy framework has helped cushion the impact of the global crisis. The staff report highlights Mexico’s review under the Flexible Credit Line Arrangement. The flexible exchange rate has adjusted, the inflation targeting framework has provided an anchor for expectations, and the fiscal rule and strengthened public sector balance sheets have averted disruptive moves in fiscal risk premia. Substantial liquidity has been provided to the foreign exchange market. Support has been put in place for a variety of domestic financial market segments.

Keywords: ISCR; CR; inflation targeting framework; policy; IMF's FCL; policy action; Executive Board discussion; review of Mexico's qualification; current account; Real interest rates; Fiscal stance; Public sector; Global (search for similar items in EconPapers)
Pages: 25
Date: 2009-07-07
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