Colombia requests "insurance" credit line from IMF

Colombia became the second Latin American country this year to ask for a credit line from the International Monetary Fund (IMF), when it requested $10.4 billion to help it withstand the global financial crisis.

Jose Dario Uribe, the governor of the country's central bank, told reporters on 20 April that the credit line is "insurance" that will not be used unless the economic slump worsens. scar Ivan Zuluaga, the country's finance minister, added that the finance does not carry any conditions.