$23.93 BLN FOR CHILE
IMF - May 29, 2020 - The Executive Board of the International Monetary Fund (IMF) approved today a two-year arrangement for Chile under the Flexible Credit Line (FCL) in an amount equivalent to SDR 17.443 billion (about US$ 23.93 billion, equivalent to 1,000 percent of quota).
The FCL was established on March 24, 2009 as part of a major reform of the Fund’s lending framework (see Press Release No. 09/85). The FCL is designed for crisis prevention purposes as it provides the flexibility to draw on the credit line at any time during the period of the arrangement (one or two…
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