IMF approves $2.7 billion line of credit to Panama for pandemic fallout Reuters 1/20/2021 © Reuters/Yuri Gripas FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen in Washington
PANAMA CITY (Reuters) - The International Monetary Fund (IMF) said on Tuesday it had approved a $2.7 billion line of credit for Panama to address the coronavirus pandemic.
The IMF s executive board approved the two-year arrangement under its Precautionary and Liquidity Line (PLL) to serve as insurance against extreme external shocks that the pandemic s economic fallout causes.
In determining the Central American country s eligibility for PLL, the lender cited in a statement Panama s sound economic fundamentals, strong institutional policy frameworks, long track record of good economic performance and policy implementation.
IMF Okays $2 7 Billion Line of Credit to Panama
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