The flexible credit line to Mexico for 35 billion dollars that the International Monetary Fund (IMF) ratified a few days ago is a sign that the national economy is solid, said President Claudia Sheinbaum Pardo.
He clarified that Mexico is not in need to request this credit, but the international organization ratified it due to the solidity of the Mexican economy.
“It is a line of credit that already existed, what the IMF says is: ‘There is this line of credit, your economy is solid, in case you want to use it at a moment’. It is as if there was credit available in the bank but you have not used it because there has been no need,” explained the federal president when asked about the subject this Thursday morning at the National Palace.
He reiterated that the IMF’s ratification of this line of credit occurred “due to the solidity of the Mexican economy, it is there in case we use it, I don’t think it is necessary, but at a given moment if there is a need, knowing that it is there the line of credit. That highlights the solidity of the Mexican economy and you have a loan there in case it is necessary to use it, I don’t think it will be necessary to use it.”
The Chief Executive also reported that the budget package for fiscal year 2025 is ready.
“It will reduce the deficit and support for all rights and social programs will be maintained,” he stated.
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