Mexico agrees new, reduced IMF credit line worth $50 billion
5:34 pm Friday, November 19th, 2021
MEXICO CITY (Reuters) – Mexico has agreed a new flexible credit line over two years with the International Monetary Fund (IMF) worth some $50 billion, the Washington-based fund said on Friday.
The previous credit line with the IMF was worth around $61 billion, and Mexico had expressed a desire to pursue a further reduction in the level of access at a mid-term review next year, the fund said in a statement.
(Reporting by Diego Ore; Editing by Daina Beth Solomon)
