IMF Executive Board Concludes Review of Chile’s Performance Under the Flexible Credit Line Arrangement
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May 14, 2021
Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded on May 14, 2021 its review of Chile’s qualification for the arrangement under the Flexible Credit Line (FCL) and reaffirmed Chile’s continued qualification to access FCL resources. The current two-year FCL arrangement for Chile was approved by the IMF’s Executive Board on May 29, 2020 (see Press Release No. 20/227 ), in the amount of SDR 17.443 billion (1000 percent of quota, around US$23.93 billion). The Chilean authorities stated their intention to
IMF Executive Board Concludes Review of Chile’s Performance Under the Flexible Credit Line Arrangement
IMF Executive Board Concludes Review of Chile’s Performance Under the Flexible Credit Line Arrangement
Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded on Friday its review of Chile’s qualification for the arrangement under the Flexible Credit Line (FCL) and reaffirmed Chile’s continued qualification to access FCL resources.
The current two-year FCL arrangement for Chile was approved by the IMF’s Executive Board on May 29, 2020 in the amount of SDR 17.443 billion (1000 percent of quota, around US$23.93 billion). The Chilean authorities stated their intention to continue to treat the FCL as precautionary and maintain their intention to exit as soon as the 24-month period is completed, conditional on developments and risks.