Chile requests flexible credit line from IMF

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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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