IMF reduces Mexico's flexible credit line to about $18 billion

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.