Macro Analysis /
Global

Mexico: The IMF renews Mexico’s Flexible Credit Line for a new two-year term

  • On Friday, the Foreign Exchange Commission (FEC) announced that the IMF successfully completed the renewal of the FCL

  • The amount agreed upon stands at close to US$50 billion, continuing with the strategy of gradually decreasing the line

  • The approval, along a healthy buffer of reserves and a solid macro framework keep underpinning Mexico’s policy toolbox

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Contributors
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
Banorte
22 November 2021
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