The International Monetary Fund has welcomed Colombia’s interest in securing a new flexible credit line worth approximately $6.1 billion and designed to protect the country from external shocks as its economy expands. If the credit line is approved, it will be Colombia’s third with IMF in three years, according to Bloomberg.

    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.