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More credit was extended to Mexico.

May 31, 1985

The U.S. Export-Import Bank extended loans, credits and guarantees to Mexico totaling more than $1 billion this year. William M. Arnold, senior vice president of the bank, said it signed a $500-million agreement with Pemex, the national oil monopoly, to finance import insurance for spare parts and capital goods. The bank also extended a $130-million loan for insurance coverage for two Mexican communications satellites that will be launched by the U.S. space shuttle, one in June and the other in November.

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