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The World

Mexico’s debt negotiators worked past a deadline as they pressed efforts to reach an agreement on a $6-billion package of new bank loans. The International Monetary Fund had fixed a Monday night deadline as a condition for a $1.6-billion loan program, but the Mexicans and their commercial bank creditors indicated that the time limit was flexible. Mexico and the banks still had differences on the size of the loan package and the interest rate that Mexico will pay. The bank loans are part of a $12-billion aid program to help Mexico pay interest on its $97-billion foreign debt.


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