Chile signs up to IMF’s first short-term liquidity line

Revolving $3.5 billion credit will replace flexible credit line arrangement

Central Bank of Chile
Central Bank of Chile
Photo: Central Bank of Chile/Wikimedia Commons

The International Monetary Fund and the Central Bank of Chile have agreed to establish a short-term liquidity line (SLL) arrangement for the Latin American country.

The one-year, $3.5 billion standby credit line is the first facility established under the programme, which the IMF first authorised in April 2020.

The new credit facility succeeds Chile’s flexible credit line, a $24 billion, two-year arrangement first set up in May 2020. Chile never drew on the flexible credit line.

According to

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