US EditionIMF Approves Fresh, Smaller $24 Billion Credit Line for Mexico
- The International Monetary Fund approved a new two-year, $24 billion flexible credit line for Mexico to serve as a buffer against external risks, according to the IMF.
- Mexican authorities canceled their previous line of about $35 billion, indicating a shift toward treating the new arrangement as precautionary, as stated by the IMF.
- IMF Deputy Managing Director Nigel Clarke mentioned that economic activity in Mexico remains soft due to various challenges, including fiscal consolidation and trade tensions.
- The new credit line aims to support Mexico's macroeconomic strategy and bolster market confidence, according to the IMF's statement.
15 Articles
15 Articles
Since 2017, Mexico has been trying to gradually reduce access to its credit line, but due to the pandemic, the country had its largest LCF in the years 2020 and 2021.
IMF Approves Fresh, Smaller $24 Billion Credit Line for Mexico
Mexico City, Nov. 14 (EFE).- The Executive Board of the International Monetary Fund (IMF) renewed a Flexible Credit Line (LCF) of $24 billion for Mexico for another two years, “which is a recognition of the solidity of the institutional framework of macroeconomic policies,” said the Ministry of Finance and Public Credit (SHCP) and the Bank of Mexico on Friday. “At the request of the Mexican authorities, the level of access increased from 300 to …
The multilateral agency points out that since 2017 the Latin American country has called for the reduction of these emergency resources
The International Monetary Fund (IMF) renewed the flexible credit line (LFC) for Mexico for about $24 billion over two years, below the 35 billion agreed in 2023, while warning that domestic economic activity remains weak, limited by the need for fiscal consolidation and a still restrictive monetary policy. "The IMF approved on November 13, 2025 a two-year successor agreement for Mexico within the framework of the flexible credit line designed f…
The International Monetary Fund (IMF) renewed the flexible line of credit (LCF) for 24 billion dollars to two years for Mexico.This institution also warned that local economic activity remains in a weak state, limited by three causes:Necessity of fiscal consolidationRestrictive monetary policyEffect of trade tensions24 billion dollars is the new line of credit by the IMF for Mexico The International Monetary Fund noted that on Thursday, November…
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
