Through a statement, the financial authority made up mainly of the Ministry of Finance and the Bank of Mexico (Banxico) highlighted that the international lender completed a mid-term review of the credit line this week, concluding that the Latin American country continued to comply with the necessary criteria to have the resources.
Mexico has never used the flexible credit line with the IMF, which is seen as an additional shield for the region’s second largest economy against the volatility of global markets.
Analysts surveyed by Banxico estimate that at the end of this year, the national economy will grow 2.1%, but that there will be a slowdown next year, with an advance of only 1%.
The survey also highlighted increased pressures on inflation. Inflation is expected to close the year at 8.5% and in 2023 it will close at 5%.
