The News – Capital Media
The News – Capital Media
  • IMF Approves New Two-Year $88 Bln Flexible Credit Line for Mexico

  • The fund said it canceled a previous flexible credit line, which was for $67 billion and approved on November 26, 2014

International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at a refugee crisis panel in advance of the IMF/World Bank spring meetings in Washington April 13, 2016. REUTERS/Yuri Gripas/File Photo, photo: Reuters/Yuri Gripas, File

27 of May 2016 11:08:36

MEXICO CITY — The International Monetary Fund (IMF) on Friday boosted its flexible credit line with Mexico to $88 billion in a bid to support Latin America's No. 2 economy, whose currency has been battered by global volatility.The fund said it canceled a previous flexible credit line, which was for $67 billion and approved on November 26, 2014. The new credit line will last for two years, the fund said.



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