Macroeconomy/Finance

IMF approves $24 billion credit line for Chile

 The International Monetary Fund (IMF) approved a two-year $24 billion for Chile under the Flexible Credit Line (FCL) as the South American nation battles the growing impact of the coronavirus pandemic. The Flexible Credit Line is a renewable funding mechanism granted to countries with strong economic policy track records, and Chile is only the fifth country to receive one. Peru, Mexico and Colombia also currently have FCLs in place.

Source: Santiago Times

Categories: Macroeconomy/Finance