IMF keeps credit line for Colombia

IMF keeps credit line for Colombia

Loans Corporate & Sovereign Strategy Economy & Policy Regulation Politics Colombia

The International Monetary Fund (IMF) said it has maintained a two-year, $11.4bn flexible credit line for Colombia. "Colombia's economic recovery is gaining momentum, supported by its very strong policy frameworks and well-executed policies," the IMF said in a statement. Inflation has come close to the target, and a flexible exchange rate remains the best defense for external shocks. The financial sector, meanwhile, is strong and gradually adhering to Basel III rules, the IMF said. A sharp dr

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