jan 31, 1995 - Loans to Mexico
Description:
President Clinton, after Congress refused to act, issues 20 billion in emergency funds to Mexico. This helped stabilize the countries financial market, stopping the collapse of the peso and preventing an economic crisis. Mexico replayed the loans, with interest, three years ahead of schedule. It is estimated that US taxpayers made a net gain of 580 million from the loan. This improved foreign relations with Mexico and helped us as well.Added to timeline:
Date:
jan 31, 1995
Now
~ 30 years ago