IMF renews Mexico’s flexible credit line
Two-year deal provides Mexico with $35 billion in case of crisis
The International Monetary Fund renewed its flexible credit line (FCL) agreement with Mexico on November 15. The new two-year arrangement provides Mexico with a reserve credit line of approximately $35 billion.
The IMF granted Mexico an FCL facility in 2009, and the 2023–25 agreement is the tenth since then. In that time, Mexico has had three presidents, each from a different political party, underlining a relative stability in some of Mexico’s macroeconomic policies.
Over time, the fund and
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