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Mexico's Financial Crisis: Origins, Awareness, Assistance, and Initial Efforts to Recover

GGD-96-56 Published: Feb 23, 1996. Publicly Released: Feb 23, 1996.
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Highlights

Pursuant to a congressional request, GAO examined Mexico's financial crisis, focusing on the: (1) origins of the crisis; (2) extent to which the U.S. government and the International Monetary Fund (IMF) were aware of Mexico's financial crisis; (3) U.S. and IMF response to the crisis; and (4) Treasury's use of the Exchange Stabilization Fund (ESF) to fund financial assistance to Mexico.

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DevaluationEconomic growthForeign currencyForeign economic assistanceForeign exchange ratesForeign loansForeign trade agreementsInternational economic relationsInternational trade regulationInvestments abroad