IMF renews flexible credit line for Peru

IMF renews flexible credit line for Peru

Corporate & Sovereign Strategy International Financial Institutions International Monetary Fund (IMF) World Bank Economy & Policy Debt Funds Loans Peru Ecuador United States

The International Monetary Fund (IMF) said it approved Peru's request for a $5.4 billion flexible credit line, replacing a larger agreement signed two years ago at the outset of the COVID-19 pandemic. The smaller, two-year credit line "reflects better economic and external reserve positions and demonstrates the authorities' strategy of gradually exiting the facility," the IMF said in a statement. Peru has built additional buffers through the accumulation of foreign currency reserves and has redu

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