Overview
- IMF Executive Board approved the renewal and confirmed Mexico continues to qualify for immediate, unconditional access if needed.
- Access was cut at Mexico’s request to 200% of its IMF quota—about 17.82 billion SDR, or roughly $24 billion—from 300%.
- Authorities said the line will remain precautionary to reinforce international reserves and complement Mexico’s policy toolkit.
- The IMF lauded Mexico’s sound public finances, sustainable debt path, credible monetary and exchange-rate frameworks, and effective financial oversight.
- The Fund cautioned that economic activity remains weak and is constrained by fiscal consolidation needs and a still-restrictive monetary stance.