US EditionColombia's Central Bank Holds Rate, Country Cancels IMF Credit Line
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BOGOTÁ.— Colombia announced the early cancellation of the Flexible Credit Line (LCF) agreement with the International Monetary Fund (IMF), signed in April 2024 for an amount of SDR 6,133.5 million (about $8.1 billion). The decision comes after the agency suspended access to these funds since April 2025, arguing a deterioration in the country’s macroeconomic conditions. The Colombian government seeks to send a message of confidence: it ensures th…
Bogotá, Sep 30 (Prensa Latina) The Colombian authorities cancelled the agreement of the Flexible Credit Line (LCF) of the International Monetary Fund (IMF) that the country had in force since April 2024, as reported here today by the Banco de la República. The post Colombia cancelled Flexible Credit Line agreement with the IMF first appeared on News Prensa Latina.
According to the manager of the Issuer, Leonardo Villar, the decision is based on the international liquidity offered by the reserves
Photo by aboodi vesakaran in Unsplash The manager of the Banco de la República, Leonardo Villar, pointed out that the Government of Colombia made the decision to cancel the Flexible Credit Line with the IMF (International Monetary Fund) at a time when international reserve levels reach US$65.5 million. The official said that this decision will have no effect on the outstanding payments, which are planned for December of this year, nor will it ha…
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