IMF gives Chile access to $24 billion credit line

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IMF HQ 2

The IMF’s Washington headquarters

The International Monetary Fund’s executive board has granted Chile’s government access for two years to its flexible credit line arrangements.

The FCL will be worth about $23.9 billion, the IMF said on May 29. IMF managing director Kristalina Georgieva issued a statement in mid-May strongly supporting the Chilean authorities’ FCL application.

The IMF says its policy is to give FCL access to countries it regards as having strong economic policies and institutions. The executive board’s

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