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

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  • 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.

Suggested Citation

  • International Monetary Fund, 2009. "Mexico: Review Under the Flexible Credit Line Arrangement: Staff Report and Press Release on the Executive Board Discussion," IMF Staff Country Reports 2009/302, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/302
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23357
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    Cited by:

    1. Jose Antonio Cordero, 2009. "Costa Rica During the Global Recession: Fiscal Stimulus with Tight Monetary Policy," CEPR Reports and Issue Briefs 2009-23, Center for Economic and Policy Research (CEPR).

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