Mexico agrees new, reduced IMF credit line worth $50 billion -Breaking
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© Reuters. FILE PHOTO – The International Monetary Fund logo can be seen at the Washington headquarters, U.S.A, on September 4, 2018. REUTERS/Yuri GripasMEXICO CITY, (Reuters) – Mexico agreed to a flexible credit line worth $50 billion over the next two-years with the International Monetary Fund. The Washington-based organization announced Friday.
Mexico expressed its desire to reduce the IMF’s previous credit line of around $61billion.
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