IMF Suspends Colombia’s $9.8bn Credit Line over fiscal concerns | The City Paper Bogotá

The possibility of permanently losing access to the International Monetary Fund's (IMF) Flexible Credit Line (LCF) is a very latent possibility, according to former officials of the Ministry of Finance, despite the fact that Gustavo Petro's government assures that there is room to be optimistic about the situation. If Colombia is left without the LCF, it loses the possibility of being able to deal economically, and immediately, with any emergenc…

IMF Suspends Colombia’s $9.8bn Credit Line over fiscal concerns | The City Paper Bogotá

The International Monetary Fund has suspended Colombia’s access to a $9.8bn flexible credit line, citing a deterioration in fiscal discipline and a sharp rise in public debt, a move that triggered political controversy and stoked fears over the country’s financial resilience. The decision marks a significant shift for Colombia, which has long been considered a Latin American model of macroeconomic stability. The flexible credit line (FCL) was fi…