Mexico

Lat Am's progress highlighted by crisis: BIS

The development of Latin America's financial markets and policymakers' enhanced credibility have been underscored by the region's ability to withstand the worst ravages of the crisis, a paper published by the Bank for International Settlements (BIS) said.

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…

Mexico's Ortiz: crisis demanded FX strategy shift

The Bank of Mexico had to directly intervene in foreign-exchange markets for the first time for more than a decade earlier this month because of the severity of the impact of the crisis on currency trading, Guillermo Ortiz, the governor of the Bank of…

Mexico's Ortiz to replace Roth as BIS chair

Guillermo Ortiz, the governor of the Bank of Mexico, is to succeed Jean-Pierre Roth, the head of the Swiss National Bank, as the chairman of the Bank for International Settlements (BIS). He becomes the first governor from an emerging-market economy to…

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