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Mexico :, Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement

Abstract
This paper discusses Mexico’s Request for Arrangement Under the Flexible Credit Line (FCL) and Cancellation of the Current Arrangement. Mexico’s macroeconomic policies and policy frameworks remain very strong. Real GDP growth is projected to accelerate to 3.5 percent in 2015. The authorities are requesting a new FCL arrangement for two years at the same level of access. In their view, the risk of a rapid rebalancing of investor portfolios away from emerging markets remains elevated. The IMF staff considers the proposed access level of SDR 47.292 billion to be appropriate. Uncertainties surrounding the global outlook, including risks related to the tightening of monetary policy in the United States, remain high
Table Of Contents
Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS; OUTLOOK AND POLICIES; THE ROLE OF THE FLEXIBLE CREDIT LINE; BOXES; 1. Currency Movements During the 2013 Taper Talk Episode: The Role of Fundamentals and the FCL; A. Access Considerations; 2. The Calculation of the External Economic Stress Index; B. Adverse Scenario; 3. Illustrative Adverse Scenario; REVIEW OF QUALIFICATION; IMPACT ON FUND FINANCES, RISKS, AND SAFEGUARDS; STAFF APPRAISAL; FIGURES; 1. Recent Economic Developments; 2. Recent Financial Developments; 3. Qualification Criteria; 4. External Debt Sustainability: Bound Tests
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (61 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781498394864

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