IMF Approves New USD 88 billion Credit Line For Mexico

The International Monetary Fund has approved a new USD 88 billion credit line for Mexico, replacing the existing line.

The two-year flexible credit line boosts Mexico’s ability to immediately deal with a potential need for liquidity, without having to request an IMF loan.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-

  • Mexico- a Country in North America, Capital- Mexico City.

Source- Press Trust of India (PTI)