Posted 11/16/2023, 8:21:00 PM
IMF Approves $35 Billion Credit Line for Mexico as Precautionary Measure
- IMF approves $35 billion credit line for Mexico to provide economic support over 2 years
- Credit line seen as precautionary by Mexican authorities amid ongoing expansion
- Mexico has received IMF flexible credit lines totaling billions of dollars since 2009
- IMF official praises Mexico's macroeconomic policies but notes external risks like financial volatility
- Authorities to reassess external risks and access under agreement in November 2024