Earlier today, Mexican President Felipe Calderón met with Managing Director of the International Monetary Fund (IMF) Christine Lagarde at the official residence, Los Pinos.

During the meeting, President Calderón informed Lagarde of Mexico’s outlook for development and the policies promoted by his government to strengthen the economy and cope with the complex international financial situation.

The Managing Director highlighted the strength of Mexico’s fiscal, financial and monetary policies, which have contributed to its positive performance despite the complex international environment. She added that the Economic Package approved for 2012 is responsible and supports economic activity.

She also hailed the solidity of the country’s financial institutions.

In regards to the international crisis, the president said that the Euro Zone has the tools for dealing with the current economic situation.

He also thanked the IMF Chief for giving her views on the global economy, particularly events in Europe and the strategies the IMF will implement in this part of the world.

Lastly, the president and Managing Director Lagarde exchanged points of view on the role of the IMF in the G-20 process and Mexico’s presidency of this organization in 2012.

President Felipe Calderón said that the IMF has played a key role in the G-20 process by providing diagnoses, documents on various issues and evaluations of member countries’ commitments in order to achieve strong, sustainable, balanced global growth.

The president added that the economic policy commitments of the main industrial countries should be further strengthened and that the IMF should play a key role in this.

President Calderón was accompanied by Secretary of Finance and Public Credit José Antonio Meade and Governor of the Bank of Mexico, Agustín Carstens.

IMF Managing Director Christine Lagarde was accompanied by Director of the IMF’s Western Hemisphere Department Nicolás Eyzaguirre.