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BRIEFLY

A Mexico-IMF agreement is expected today.

July 22, 1986

The two parties are expected to sign an agreement on an economic program that will qualify the country for $1.5 billion in new credit, Mexican officials said. The agreement with the International Monetary Fund will allow Mexico, whose economy has been hard hit by falling oil prices, to begin important negotiations with commercial banks on an estimated $2.5 billion in new money that will be needed from the banks during 1986.

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