Peso TUmbles, Swine Flu May Prompt Mexico to Tap IMF Credit Line

www.bloomberg.com...

April 28 (Bloomberg) -- Mexico is more likely to draw on a $47 billion credit line from the International Monetary Fund after the deadly swine flu outbreak sparked the peso’s biggest tumble in six months, according to Barclays Capital Inc.

The spreading disease “raises the odds of tapping the facility,” Eduardo Levy-Yeyati, head of emerging-market strategy at Barclays in New York and a former economist at the IMF, said in an interview. “The flu increases growth risks and currency pressures.”

EEEENNTeresting....

already covered
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