The International Monetary Fund on Friday boosted its flexible credit line with Mexico to US$88 billion in a bid to support Latin America's No. 2 economy.
Alejandro Werner, director of the IMF's Western Hemisphere department, said the deficit should fall in proportion to the size of the transfer.
Mexico's currency has tumbled 7 percent this year, hit by a collapse in international oil prices that have reached 13-year lows.
Mexico will not nominate a candidate in the race to lead the International Monetary Fund.
The IMF lowered estimates for Mexico's economic expansion to 2.5 percent for next year from 2.8 percent predicted in October, citing expected cuts in production at state-owned oil giant Pemex.
A year ago, the International Monetary Fund estimated that Mexico would grow 3.5% in 2015.
The International Monetary Fund (IMF) announced a photo contest to highlight the economic and social challenges, as well as the potential of Latin America and the Caribbean.