Forbes Magazine said on their website today,that Mexico's request for an IMF
Flexible Credit Line (FCL) in London this week has boosted the country's
credibility for investors and financial markets.
The 92 year old American
international finance publication said,"the impact on markets was immediate,
with the peso appreciating 2.9% in two days."
Just before the G20 Summit
on Thursday this week,Mexican Finance Minister,Agustin Carstens,said that
Mexico would ask for a precautionary credit line from the IMF,equivalent to
1,000% of its quota,currently worth $46.55 billion.