IMF Executive Board Receives Request For Flexible Credit Line Arrangement with Chile
IMF News, May 12, 2020
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- IMF Executive Board Receives Request For Flexible Credit Line Arrangement with Chile
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Bibliographic details
- Published: May 12, 2020
Purpose and features of the FCL
- Objective: helps safeguard against external shocks
- Eligible countries: those with very strong policy frameworks and track records of economic performance
- Feature highlighted: provides large, upfront access to IMF resources with no ex-post conditionalities
IMF assessment and next steps
- IMF assessment basis: Chile’s very strong economic fundamentals, institutional policy frameworks, and track record
- Managing Director action: Kristalina Georgieva intends to recommend approval of the FCL arrangement for Chile
- Decision timeline: IMF Executive Board to meet again to take a decision in the following weeks
- IMF stance: stands ready to continue to support Chile during these challenging times
- Note on procedure: the Executive Board met in an informal session to discuss the request; during an informal session, IMF staff engages with Executive Board Members to discuss country matters where no formal Board decision is expected
Media contact
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Maria Candia Romano
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- IMF social: @IMFSpokesperson
International Monetary Fund press release, May 12, 2020.