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SourceMex PDF file 1996 right arrow Jul

Mexico Repays Large Share of Debt Owed to U.S. for 1995 Bailout Funds

ISSN:1054-8890
LADB Article ID: 55594
Category/Department: Mexico
Date: 1996-07-31
By: LADB Staff

In late July, the Mexican government announced an early repayment of US$7 billion to the US Treasury and another US$1 billion to the International Monetary Fund (IMF) for loans obtained to help bail out the Mexican economy after the devaluation of the peso in late 1994. The amount of money repaid to the US Treasury erases more than three-quarters of the debt owed by Mexico to the US for a loan of US$12.5 billion.

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