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IMF Okays $2.7 Billion Line of Credit to Panama
January 20th, 2021 - 12:30 GMT

IMF Okays $2.7 Billion Line of Credit to Panama

The International Monetary Fund (IMF) said on Tuesday it had approved a $2.7 billion line of credit for Panama to address the coronavirus pandemic. The IMF’s executive board approved the two-year arrangement under its Precautionary and Liquidity Line (PLL) to serve as “insurance against extreme external shocks” that the pandemic’s economic fallout causes, Reuters reported. In determining the Central American country’s eligibility for PLL, the lender cited in a statement ...
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