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Article: Loans help Mexico, but only in the short term.
- Article from:
- San Diego Business Journal
- Article date:
- February 6, 1995
- Author:
CopyrightCOPYRIGHT 1995 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mexico is benefitting from a nearly $50 billion credit package arranged by President Bill Clinton last week, but the country is still facing an uncertain economic future, analysts say.
"In the short term, the liquidity crisis appears to have been averted," said Chris Woodruff, an economics professor at UCSD's Graduate School of International Relations and Pacific Studies. "Over the medium term, and by that I mean this year, Mexico has some fairly serious economic problems to address."
Last week, Clinton abandoned an earlier loan-guarantee package of $40 billion to Mexico and used his executive powers to fashion a nearly $50 billion plan that includes a $20 ...