US EditionIMF suspends Colombia's flexible credit line amid fiscal concerns
- On Saturday, April 26, 2025, the IMF suspended Colombia's access to its $8.1 billion Flexible Credit Line due to fiscal concerns.
- The suspension followed rising deficits and debt despite ongoing consultations, with Petro blaming misuse of prior loans during Duque's administration.
- The Flexible Credit Line, established in 2009 and renewed last year for two years, offers crisis access without conditions to countries with sound policies.
- The IMF cited Colombia's 6.7% GDP deficit in 2024 and 61.3% public debt as primary reasons, while Petro called IMF officials 'vampires' in response.
- Experts warn the suspension may pressure Colombia’s economy and highlight the need for urgent fiscal adjustments to maintain IMF support through mid-2026.
22 Articles
22 Articles
Technical meetings are expected to be held to analyse the results of the evaluation and define the future of the financial relationship with IMF
The International Monetary Fund (IMF) has established conditions for Colombia's access to its flexible credit line of 8.1 billion US dollars, a precautionary measure for crisis prevention and reduction, effectively preventing the South American country from accessing these funds. Colombia has had access to a similar instrument since 2009, but used it only once a year [...] The post IMF denies Colombia access to a credit line first appeared on la…
The Washington institution suspended for the first time a line of credit to a country because of the lack of improvement in the budgetary situation, which makes it difficult for Colombia, whose assets suffer as a result of this decision.
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