Mexico may tap Fed, IMF credit lines

Felipe Calderon, Mexico's president, said on Tuesday that the country was eligible to take a $40 billion credit line with the International Monetary Fund (IMF) as speculation mounted that the Bank of Mexico would soon use its $30 billion arrangement with the Federal Reserve.

Calderon said in London that Mexico could access the IMF credit line.

Gabriel Casillas, an economist with UBS, a Swiss bank, said in a research note published Wednesday that the central bank would announce its intention t