Mexico said it might sell US$70 billion in bonds to swap debt issued to bail out banks in the 1990s.MEXICO Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. said it might sell US$70 billion in bonds to swap debt issued to bail out banks in the 1990s. Congress would have to approve the issue. While the government is considering the issue, the bank bailout bailout The financial rescue of a faltering business or other organization. Government guarantees for loans made to Chrysler Corporation constituted a bailout. agency IPAB IPAB Instituto para la Proteccion al Ahorro Bancario (Mexico) IPAB International Program for Antarctic Buoys can service debts by collecting insurance premiums from the country's banks. |
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