IMF provides $2.7 billion ‘precautionary’ support to Panama
The International Monetary Fund has established a two-year precautionary liquidity line (PLL) with Panama, following a request from the country.
In a statement published January 19, the IMF said the PLL would be worth 1.88 billion in special drawing rights, or approximately $2.7 billion. The IMF said the funding would act as “insurance against extreme external shocks” caused by the Covid-19 pandemic.
Access to the PLL, which is worth 500% of Panama’s IMF quota, will be accessible in two
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