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Montevideo, June 1st 2023 - 22:08 UTC

Tag: credit line

  • Saturday, August 3rd 2019 - 07:19 UTC

    S&P retained its 'B' rating for Argentine debt

    Argentina's current economic downturn began with a currency run in April 2018 that led the Macri government to request a loan with the IMF.

    Standard & Poor's (S&P) confirmed it would maintain its 'B' rating for Argentine debt, highlighting that the president Mauricio Macri administration was continuing to meet the goals laid out by the International Monetary Fund (IMF) as part of the huge credit line agreed last year.

  • Monday, June 4th 2018 - 08:49 UTC

    Colombia renews flexible credit line of US$ 11.4bn with IMF

    Mitsuhiro Furusawa, chair of IMF executive board, says that Colombia’s international reserves are “adequate for normal times”

    In a continuation of a previous arrangement, the International Monetary Fund (IMF) has approved Colombia for a flexible credit line of US$ 11.4 billion. The new two-year arrangement replaces the pre-existing credit line, which has now been cancelled. Colombia will continue to see the funds as precautionary to be used only in if economic conditions worsen due to an external shock or other emergency, according to the IMF.