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Mexico Expands IMF FCL Access

Dec 15, 2010

Mexico is replacing a $47bn 1-year precautionary flexible credit line (FCL) arrangement from the IMF with a $73bn 2-year line, according to the fund. The sovereign is not expected to draw on the line, which is cheap insurance that should boost the MXP, says Goldman Sachs....

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“The greatest value in the next 12 months will be combination of corporates and local currency bonds”

Blaise Antin, TCW


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