The International Monetary Fund (IMF) announced on Friday that its executive board had approved a new two-year, $24 billion flexible credit line for Mexico, designed to serve as a safeguard against external risks.
The IMF highlighted that Mexico has steadily reduced its dependence on the precautionary fund in recent years.
The Mexican authorities have opted to treat the new credit line as precautionary, cancelling their previous arrangement of approximately $35 billion, according to the IMF's statement.
This marks Mexico’s eleventh such arrangement since 2009, with the size of the credit line having decreased from a peak of around $88 billion in 2017.
The IMF noted that the smaller credit line reflects the increased economic buffers and resilience of Mexico’s economy.
Mexican officials requested the new credit line for another two years at a reduced access level, citing the country's strong finances, which make it less susceptible to sudden changes in capital flows, according to a joint statement from the Bank of Mexico and the Mexican finance ministry.
However, IMF Deputy Managing Director Nigel Clarke acknowledged that the country’s economy faces challenges.
"Economic activity in Mexico remains subdued, constrained by necessary fiscal consolidation and still restrictive monetary policy, along with the dampening effects of trade tensions," he said.
He added that while Mexico has demonstrated resilience, "trade-related risks have increased since the last FCL review."
The new credit line will continue to play a significant role in supporting Mexico's macroeconomic strategy, offering "insurance against tail risks while reinforcing market confidence," the IMF concluded.
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Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including threats over the strategic Strait of Hormuz, a critical artery for global oil supplies.
Iran and the U.S. exchanged threats on Tuesday, as U.S. Defense Secretary Pete Hegseth warned Tehran to expect the “most intense day" of attacks so far. Meanwhile, Iranian President Masoud Pezeshkian said “anyone who entertains the illusion of destroying Iran knows nothing of history."
The Strait of Hormuz has become a focal point of global concern as tensions rise following the conflict involving Iran, the United States and Israel. Tehran has threatened to block the strategic waterway, raising fears of disruption to global oil shipments and energy markets.
Reports of so-called “acid clouds” moving from Iran towards Central Asia are not supported by scientific data, national hydrometeorological services in Kazakhstan, Uzbekistan and Kyrgyzstan say, adding there is no threat to the region.
Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including threats over the strategic Strait of Hormuz, a critical artery for global oil supplies.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
U.S. Ambassador to the United Nations, Mike Waltz, has addressed the U.N. Security Council, saying the world must consider how effective its engagement with the Taliban-run country is as millions face hunger.
British MPs have rejected a proposal to introduce an Australia-style ban on social media for under-16s, opting instead to give ministers flexible powers to impose restrictions on platforms.
Australia has granted humanitarian visas to five Iranian women footballers who sought asylum, fearing persecution after refusing to sing their national anthem at an Asia Cup match.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 10th of March, covering the latest developments you need to know.
U.S. President Donald Trump called his recent phone conversation with Russian President Vladimir Putin “very good.” The two leaders spoke on Monday about the situation in Iran and other international issues.
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