Colombia draws on IMF’s FCL funds for first time

colombia

The Colombian government has made use of its Flexible Credit Line (FCL) for the first time, the International Monetary Fund said on December 3.

The drawing amounted to $5.4 billion and the authorities intend to use it to finance the higher spending required to mitigate the effects of the pandemic in Colombia. The South American country still has access to $12.2 billion more under the programme, which the government intends to treat as precautionary.

“Access to IMF resources will help meet

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: