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IMF approves two-year, $88 billion credit line for Mexico

Friday, December 1, 2017

The International Monetary Fund on Thursday said it approved for Mexico a two-year flexible credit line worth about $88 billion that will replace a previous line.

The IMF said that the line had been approved as a precaution in case of a crisis. Mexico was first extended such a credit line from the IMF in 2009 but it has never tapped the funds.

Source: Reuters