Mexico: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; Staff Supplement; and Staff Report
Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; Staff Supplement; and Staff Report
Volume/Issue:
Volume 2021
Issue 248
Publication date: November 2021
ISBN: 9781616355005
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Topics covered in this book
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International - Economics , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , FCL arrangement , IMF's transparency policy , liquidity position , investment environment , FCL qualification , Credit , Debt service , Public sector , Global , North America , Western Hemisphere , Caribbean , Europe
Summary
The government has successfully maintained external, financial, and fiscal stability despite the deepest recession in decades. However, Mexico is bearing a very heavy humanitarian, social, and economic cost from COVID-19, including over half a million excess deaths, sizable under-employment, and an increase in poverty.
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