{
  "title": "IMF Executive Board Receives Request For Flexible Credit Line Arrangement with Chile",
  "publication": "IMF News, May 12, 2020",
  "sourceUrl": "https://www.imf.org/en/news/articles/2020/05/12/pr-20216-chile-imf-executive-board-receives-request-for-flexible-credit-line-arrangement",
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  "summary": "Date: May 12, 2020",
  "publishDate": "2020-05-12",
  "sections": [
    {
      "heading": "Purpose and features of the FCL",
      "content": "- Objective: helps safeguard against external shocks\n- Eligible countries: those with very strong policy frameworks and track records of economic performance\n- Feature highlighted: provides large, upfront access to IMF resources with no ex-post conditionalities"
    },
    {
      "heading": "IMF assessment and next steps",
      "content": "- IMF assessment basis: Chile’s very strong economic fundamentals, institutional policy frameworks, and track record\n- Managing Director action: Kristalina Georgieva intends to recommend approval of the FCL arrangement for Chile\n- Decision timeline: IMF Executive Board to meet again to take a decision in the following weeks\n- IMF stance: stands ready to continue to support Chile during these challenging times\n- 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"
    },
    {
      "heading": "Media contact",
      "content": "- IMF Communications Department, MEDIA RELATIONS\n- PRESS OFFICER: Maria Candia Romano\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- IMF social: @IMFSpokesperson\n\nInternational Monetary Fund press release, May 12, 2020.\n\n---\n\n\n References\n\n- Chile and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2020/05/12/pr-20216-chile-imf-executive-board-receives-request-for-flexible-credit-line-arrangement"
    }
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    "Published: May 12, 2020",
    "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 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",
    "IMF Communications Department, MEDIA RELATIONS",
    "PRESS OFFICER: Maria Candia Romano",
    "Phone: +1 202 623-7100",
    "Email: MEDIA@IMF.org",
    "IMF social: @IMFSpokesperson",
    "[Chile and the IMF](http://www.imf.org/external/country/CHL/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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