Chile renews IMF flexible credit line as risks grow

Chile has renewed its versatile credit score line (FCL) with the Worldwide Financial Fund, simply three months after dropping the ability in favour of the smaller short-term liquidity line (SLL).

The IMF government board accepted the brand new FCL for Chile on August 29. Value $18.5 billion, it gives considerably extra help than the SLL, which was capped at $3.5 billion. The FCL settlement lasts for a time period of two years, whereas the SLL was for only one yr.

Chile has not used both facility and

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