Business Services Industry
MEXICO: IMF SAYS MEXICO CAN GET CREDIT LINE OF US$16.4 BILLION.
IPR Strategic Business Information Database, November, 2001
Mexico qualifies for an IMF credit line of as much as US$16.4 billion under an IMF program which is available to countries with solid finances, even though Mexico's economy has slowed down. Claudio Loser, the director of the IMF's Western Hemisphere department, stated that Mexico is the only country to have sought a contingent credit line.
This was a program introduced by the IMF over two years ago in order to support economies before they reach the situation where they are unable to pay their debts. In the first 18 months, no countries sought a contingent credit line. The fund therefore overhauled its guidelines last year and made loans faster to obtain and cheaper to access. Claudio Loser stated that the Mexican economy is unlikely to grow at all this year....
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
