Who: The government of Mexico, during the peso crisis. What: Loans and currency swaps from the Treasury's Exchange Stabilization Fund, part of a $50B international package.
$20.0B
committed or authorized
$12.0B
paid out
$12.6B
recovered (repayments, dividends, fees)
$580M
net profit (cash)
Outcome
Repaid in full by January 1997, more than three years early.
Legal authority: Exchange Stabilization Fund (31 U.S.C. 5302).
Worth knowing
The Clinton White House reported a net gain of nearly $580 million. CRS puts the amount drawn at $12B; the White House repayment figures imply about $13.5B.