Peru approved a loan with the IMF to strengthen the economy in the face of global uncertainty

The Peruvian central bank clarified that the agreement "is not conditional on the achievement of economic goals" and "does not generate any additional debt." In this way, Peru joins Mexico and Colombia with similar agreements.

RIO DE JANEIRO, BRAZIL - The International Monetary Fund (IMF) approved a two-year agreement with Peru, under the framework of the flexible credit line for up to US$5.4 billion, to strengthen the resistance of the Peruvian economy in the face of global uncertainty, reported this Saturday the Central Reserve Bank.

The new agreement is for almost half the amount provided for in the one signed with the IMF in 2020, which Peru did not use, given that "the risks associated with the (covid-19) pandemic have been reduced" and the external position has been strengthened with the increase . . .

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