VOL. XXXII
NO. 3
24-OCTOBER-1988
Financial and Banking News
INTERNATIONAL BANKING
Mexico Wins Major US Debt Concession
The United States last week granted Mexico preferential status in thetreatment of its overseas debt by offering a $3.5bn short-term bridging loan tohelp the country cope with a period of lower oil revenue. The US loan is notdependent on Mexico reaching agreement with the International Monetary Fund(IMF) or World Bank, although the purpose of the loan is to bridge the gap untilsuch...
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