Reuters logo
IMF says reaffirms Mexico's $86 billion flexible credit line
May 23, 2017 / 1:12 PM / 4 months ago

IMF says reaffirms Mexico's $86 billion flexible credit line

The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas

MEXICO CITY (Reuters) - The International Monetary Fund on Tuesday said it reaffirmed Mexico’s access to a flexible credit line worth about $86 billion dollars that the country could use to stabilize its currency in cases of extreme volatility.

The IMF said Mexico expressed that it treated the 2-year- line approved last year as “precautionary.” The IMF first extended a flexible credit line to Mexico in 2009 and it boosted the amount last year as the peso was battered to a record low.

Reporting by Michael O'Boyle

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below