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Mexico Shows Successful Economic Policy

Article Summary:

Mexico demonstrated rapid recovery from the global crisis and the strength of its economic activity in recent months are testimony to the strong economic fundamentals and the successful conduct of its economic policy and continues to manage its economy successfully according to the International Monetary Fund (IMF).

Photo Credit: El Economista

Original Article Text From El Economista via Google Translate :

IMF Values “Successful Conduct of Economic Policy” in Mexico

The International Monetary Fund (IMF) today said the “successful conduct of economic policy” of Mexico, announcing that the country “continues to meet” the criteria for access to the Flexible Credit Line (FCL) upon consideration of performance that concluded the day before.

The LCF by almost 73,000 million dollars was approved in January. The Mexican government had requested as a measure of “shield” precautionary to use only if necessary, according to the IMF target the country’s authorities intend to maintain. He said the First Deputy Managing Director and Acting Chairman of the IMF’s Executive Board, David Lipton

After completing the review, the LCF “has meant an important underpinning the macroeconomic strategy of the authorities, to provide insurance against extreme global risks and at the same time, bolster market confidence.” For Lipton, “the rapid recovery of Mexico off the global crisis and the strength of economic activity in recent months are testimony to the strong economic fundamentals and the successful conduct of economic policy. ”

According to the IMF, the main short-term risks Mexico’s economy comes from the “uncertainty about global growth prospects,” and the “turmoil in international financial markets.” However, Lipton appreciated that Mexico has in its favor “broad discretion” to address these external shocks, for which the LCF is a “support” it.

Link to Original Article:

From El Economista

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