## IMF Executive Board Receives Request For Flexible Credit Line Arrangement with Chile

_IMF News, May 12, 2020_

## Source details

**Canonical URL:** [IMF Executive Board Receives Request For Flexible Credit Line Arrangement with Chile](https://www.imf.org/en/news/articles/2020/05/12/pr-20216-chile-imf-executive-board-receives-request-for-flexible-credit-line-arrangement)

## Other formats

- [Markdown version](/en/news/articles/2020/05/12/pr-20216-chile-imf-executive-board-receives-request-for-flexible-credit-line-arrangement/index.md)
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## Bibliographic details
- Published: May 12, 2020

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### 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.*

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## References

- [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)

_Source: https://www.imf.org/en/news/articles/2020/05/12/pr-20216-chile-imf-executive-board-receives-request-for-flexible-credit-line-arrangement_