Chile asks IMF for a US$23.8b line of credit | Malay Mail

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WASHINGTON, May 13 ― Authorities in Chile have asked the International Monetary Fund (IMF) for a flexible line of credit of around US$23.8 billion (RM103.3 billion) over two years, the Washington-based institution said in a statement yesterday. IMF managing director Kristalina Georgieva intends...

IMF managing director Kristalina Georgieva intends to recommend approval of the request due to Chile's ‘very strong economic fundamentals, institutional policy frameworks, and track record,’ it said. — Reuters pic

IMF managing director Kristalina Georgieva intends to recommend approval of the request due to Chile's “very strong economic fundamentals, institutional policy frameworks, and track record,” it said. Chile last week ordered strict new quarantine measures on three districts in the capital Santiago after a sudden spike in coronavirus cases.

 

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