Washington - The International Monetary Fund (IMF) on Friday approved a one-year loan of 47 billion dollars for Mexico to help the country weather the global economic crisis.
Mexico is the first country to agree to a loan under the IMF's so- called flexible credit line, a new programme that was backed by leaders of the world's 20 leading economies during a summit in London earlier this month.
Mexico City - US President Barack Obama arrived in Mexico Thursday for an overnight visit to meet with Mexican President Felipe Calderon.
"Geography has made us neighbours. History has made us friends. Economics has made us partners and necessity has made us allies," Calderon said as he welcomed Obama, quoting the late US president John F Kennedy.
Discussions are set to focus on drug trafficking and crime, as the death toll in Mexico's drug wars has soared to more than 7,000 since January 2008.
Mexico City - US President Barack Obama arrived in Mexico Thursday for an overnight visit to meet with Mexican President Felipe Calderon.
Mexican Foreign Minister Patricia Espinosa welcomed Obama at Mexico City's international airport. Obama immediately helicoptered to the presidential residence Los Pinosto to join Calderon.
Regular activity was suspended for 35 minutes at the airport around the landing of Air Force One.
This is the first visit to Mexico City by a US president since then-president Bill Clinton in 1997.
Washington - One day before President Barack Obama travels to Mexico, the administration named Alan Bersin to lead efforts to police the United States' southern border and announced a new clampdown on Mexican drug gangs.
Bersin, who served in a similar capacity under former president Bill Clinton, will lead the effort to make our borders safe while working to promote commerce and trade," Homeland Security Secretary Janet Napolitano said during a visit to El Paso, Texas.
Mexico City - Only five US presidents have visited Mexico City in the past 100 years, but one more name will be added to the list Thursday with the arrival of President Barack Obama.
Obama is set to visit the city, which was once ancient Tenochtitlan - the former capital of the Aztec civilization, on Thursday, 12 years after the last visit of then-president Bill Clinton. The city is today the second-largest in the world in terms of population, with 19 million people in its metropolitan area.
Washington - The International Monetary Fund (IMF) on Friday approved a one-year loan of 47 billion dollars for Mexico to help the country weather the global economic crisis.
Mexico City - US President Barack Obama arrived in Mexico Thursday for an overnight visit to meet with Mexican President Felipe Calderon.
Mexico City - US President Barack Obama arrived in Mexico Thursday for an overnight visit to meet with Mexican President Felipe Calderon.
Washington - One day before President Barack Obama travels to Mexico, the administration named Alan Bersin to lead efforts to police the United States' southern border and announced a new clampdown on Mexican drug gangs.
Mexico City - Only five US presidents have visited Mexico City in the past 100 years, but one more name will be added to the list Thursday with the arrival of President Barack Obama.
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