IMF cuts credit line for Colombia

IMF cuts credit line for Colombia

International Financial Institutions International Monetary Fund (IMF) Loans Debt Economy & Policy Colombia United States

The International Monetary Fund (IMF) said it approved a new two-year flexible credit line for Colombia for around $9.8 billion, the ninth such arrangement since 2009. Colombia was reducing access to the credit line prior to the pandemic but remains vulnerable to external risks, including global inflationary pressures and increased uncertainty stemming from the war in Ukraine, the IMF said in a statement on Friday. The IMF also said Colombia had cancelled an existing $17 billion flexible credit

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