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Trump, Brexit Threats Have Mexico Lining Up $88 Billion IMF Loan

  • Banorte sees bigger credit line bolstering peso defense tools
  • Peso may fall to 21 per dollar if U.K. quits EU, Barclays says
A mural depicts Donald Trump on the U.S.-Mexico border fence in Tijuana, northwestern Mexico.

A mural depicts Donald Trump on the U.S.-Mexico border fence in Tijuana, northwestern Mexico.

Photographer: Jose Rivera/AFP via Getty Images
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Mexico’s unexpected move to boost its credit line from the International Monetary Fund suggests the nation isn’t taking lightly the prospect of a Donald Trump presidency or Britain’s exit from the European Union.

On Friday, the country increased the size by a third to a record $88 billion and extended it by two years. The decision surprised market watchers because the previous $67 billion agreement wasn’t set to expire until November.