An update from the Bank of Mexico, on the IMF, the economy and policy:
- Mexican central bank says IMF has ratified that Mexico continues meeting the criteria needed to access flexible credit line
- Says faced with reduced risk of abrupt change in trade relations, Mexican authorities requested flexible credit line of $74 bln from the IMF for 12 months remaining under current agreement
- Says IMF underscores commitment of new Mexican administration to preserve strength of economic institutions, independence of central bank, flexible exchange rate and fiscal policy that continues reducing debt to GDP ratio
- Says IMF says Mexican transition team pledged to meet a 2.5% of GDP goal for total public sector borrowing requirements in 2019
