Taking inspiration from the United States mortgage bubble, Mexico applied for a 40 billion dollar credit line from the International Monetary Fund. This act will occur at .27 percent interest and will double Mexico's foreign investments. The money is a record setting amount from the IMF, which offers no stipulations or conditions on lent money. This move enhances its comparative credibility with other organizations like the World Bank, and shatters the previous record for a flexible credit line of 27 billion to Brazil. The economic response to the initiative was good; the Peso appreciated 2.7 percent in two days and the country in general appears to be stabilizing economically to a certain extent. The impact on public policy making from international organizations is enormous, as it usually imposes some economic restructuring that may trade off with such basic amenities such as public health, and enhances globalizing pressures.
http://www.forbes.com/2009/04/02/mexico-imf-credit-business-oxford.html
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