Chile lands $18.5 bln flexible credit line

Chile lands $18.5 bln flexible credit line

International Monetary Fund (IMF) Economy & Policy Loans Chile

Chile received an $18.5 billion flexible credit line on Monday from the International Monetary Fund (IMF) to bolster its resilience and capacity to respond to global shocks. The country can draw on the two-year credit line at any time to “augment buffers and provide insurance against adverse scenarios,” the IMF said in a statement. Chile’s economy rebounded with “impressive” growth from the COVID-19 pandemic, but it is now facing a sharp increase in global risks that can affect its economy, the

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