Economics
Mexico Considers Using $12 Billion IMF Windfall to Pay Debt
- AMLO mulls using the resources meant for central bank reserves
- Deputy central bank governor says funds can’t be used for debt
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Mexico is considering using its share of recently-approved International Monetary Fund reserves, worth about $12 billion, to repay the country’s debts, President Andres Manuel Lopez Obrador said.
Although the funds add to the central bank reserves, Mexico has enough bandwidth to use them to pay down debt, Lopez Obrador said at a daily press conference Wednesday.