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Mexico not expected to draw from IMF credit line

Mexico not expected to draw from IMF credit line

November 23, 2021 | Rodrigo Alonso Cruz
Mexico has no need to tap a $50 bln FCL because it has enough reserves to face a crisis, analyst says

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The Mexican government is not expected to dip into a $50 billion flexible credit line (FCL) from the International Monetary Fund (IMF) because it has enough US dollar reserves to face a crisis as "the economy is gradually improving," an analyst told LatinFinance on Monday. The two-year credit line assures investors that the government can access dollars in case it does not haver enough in its reserves, "but that is not the current case," said Janneth Quiroz, chief economist at local brokerage fi

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