Chile requests flexible credit line from IMF
Chile’s government has asked the International Monetary Fund for access to its Flexible Credit Line to boost its resources to deal with the Covid-19 crisis.
Chile requested the IMF provide an FCL worth 17.442 billion in special drawing rights, or around $23.8 billion. “Access to this line will complement international reserves and increase the availability of immediate access liquidity by more than 60%,” said the Central Bank of Chile in a statement on May 12. The country’s international
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