MEXICO CITY, Nov 12 (Reuters) - The International Monetary Fund approved Mexico's request to reduce its flexible credit line, after mid-term review, to approximately $18 billion from its prior $24 billion, Mexico's Finance Ministry said on Thursday.
The IMF's reduction implies a cut to 150% of Mexico's credit line quota from the previous 200%, the Mexican Exchange Commission, composed of the Finance Ministry and the central bank, said in a statement.
• The IMF's executive board also completed a mid-term review of the arrangement and its Article IV consultation with Mexico
• Mexico's economic activity strengthened in 2026 despite elevated uncertainty, the IMF said in a separate statement
• It projected that real GDP growth would accelerate to 1.5% in 2026 from 0.5% in 2025 on less restrictive domestic policies and stronger exports
• Underlying price pressures persist, "and above-target inflation expectations are delaying convergence to the 3 percent target," the IMF said
(Reporting by Ana Isabel Martinez, Additional reporting by Aida Pelaez-Fernandez; Editing by Iñigo Alexander)