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Mexico: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement

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  • International Monetary Fund

Abstract

Strong economic fundamentals, robust policy framework, and a sustained track record of excellent policy implementation have facilitated the maintenance of orderly economic conditions in Mexico even amidst the substantial external volatility during the global crisis. Executive Directors welcomed the authorities’ commitment to maintain Mexico’s strong policy frameworks and take needed actions to manage unforeseen risks. The arrangement of contingent financing with the IMF through the Flexible Credit Line has helped Mexico to maintain confidence and also to insure against external risks while supporting a macroeconomic strategy.

Suggested Citation

  • International Monetary Fund, 2011. "Mexico: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement," IMF Staff Country Reports 2011/011, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/011
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    Cited by:

    1. Gurbachan Singh, 2012. "Financial Stability Reports (FSR) of the Reserve Bank of India (RBI), March and December, 2010: A Critical Review with a Long-term Perspective," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 6(1), pages 27-46, February.

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