May 8, 2020 / 11:11 PM / a month ago

IMF says it will back Peru's request for $11 bln flexible credit line

WASHINGTON, May 8 (Reuters) - The International Monetary Fund on Friday said it would back Peru’s request for a two-year $11 billion flexible credit line to be used as precautionary financing.

In light of Peru’s very strong policy frameworks and track record, the IMF said Managing Director Kristalina Georgieva intends to recommend that the Fund’s executive board approve Peru’s request when it formally considers it in coming weeks.

Reporting by Andrea Shalal Editing by Chris Reese

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