November 24, 2020, 18:27

IMF Approves Two-Year $10.8 Billion Credit Line for Colombia

IMF Approves Two-Year $10.8 Billion Credit Line for Colombia

WASHINGTON (Sputnik) – The International Monetary Fund has approved a two-year $10.8 billion credit line for Colombia, the Fund announced in a statement Friday.

On 15 April, the International Monetary Fund approved $389 million in emergency funding for El-Salvador to help cushion the nation’s economy from the impact of nationwide restrictions on transportation and quarantine for citizens exposed to the coronavirus.

In March, the IMF provided Honduras $143 million to combat the coronavirus disease (COVID-19) under the current SBA/SCF arrangement (Stand-By Arrangement, Stand-By Credit Facility).

Previously, the IMF said it was providing some $100 billion as a short-term liquidity line to more than 100 countries requiring emergency financing due to hardship caused by the COVID-19 pandemic.

Sourse: sputniknews.com

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