Mexico plans reserves boost, end to IMF, Fed lines

Posted by 7Star Friday, January 29, 2010

Mexico plans to buy more US dollars and end credit lines with the International Monetary Fund and US Federal Reserve in a sign of confidence in the country's recovery from the financial crisis. Mexican central bank chief Agustin Carstens said on Wednesday his country should increase international reserves and gradually extricate itself from a $47 billion line of credit with the IMF.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog