IMF Approves $24 Billion Credit Line

The International Monetary Fund approved a two-year, $24 billion flexible credit line to act as a wall to attack against external risks. Mexico has reduced the fund in the recent years. I wonder where the rest of the money would have gone if they were to reduce for the coming years. Afghinistain. IMF came in the perfect time. It will get Mexico to spend money. The $88 billion deal back in 2017 was the perfect amount to get the country moving forward. We are now in a $24 billion dollar credit line fund. The macroeconomic strategy is to provide “insurance against tail risks while bolstering market confidence,” according to the fund being provided. Let’s protect Mexico.

©YovaniBernard