IMF considers Peru credit line and gives further aid packages

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IMF headquarters in Washington, DC

The International Monetary Fund has agreed financial assistance packages with several more countries to help them cope with the economic effects of the Covid-19 pandemic.

IMF managing director Kristalina Georgieva is also recommending that the IMF’s executive board approve a request by Peru’s authorities for a flexible credit line (FCL). Peru’s government requested an FCL worth around $11 billion, or 8 billion in special drawing rights, the IMF announced on May 8.

The IMF said the FCL

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