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IMF backs $50 billion credit line to Mexico

Bloomberg The International Monetary Fund’s (IMF) executive board approved a $50 billion credit line for Mexico, reducing the amount it extended in previous years as it argues that the nation’s economic prospects have improved. The two-year flexible credit line, which is designed for crisis prevention, is Mexico’s ninth such consecutive agreement, and is about 20% less than the amount approved ...

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IMF urges Finland to add jobs, reduce spending

Bloomberg Finland needs more steps to boost jobs and cut spending to stop public debt growth in the medium term, the International Monetary Fund (IMF) said, after concluding a health check on the Nordic country’s economy. The government’s planned employment measures are “unlikely to produce sufficient fiscal gains” to halt debt growth mid-decade given its pre-pandemic decision to expand the ...

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Global shipping under pressure to ease pollution after COP 26

Bloomberg Global talks on how to clean up shipping are set to begin on Monday as momentum builds to cut pollution from the sector. The International Maritime Organisation (IM)) is under pressure to do something,” said Edmund Hughes, who was previously responsible for greenhouse gas emissions at the United Nations body, which is shipping’s global regulator and the host of ...

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