WASHINGTON (Reuters) – The International Monetary Fund on Thursday said its executive board had approved Peru’s request for a two-year $11 billion flexible credit line to be used as precautionary financing as the copper-rich country responds to the coronavirus pandemic.
In a statement, IMF Managing Director Kristalina Georgieva said Peru had achieved impressive macroeconomic outcomes given its “very strong policy and institutional frameworks,” but the country remained vulnerable to external risks, including a prolonged coronavirus outbreak.
(Reporting by Andrea Shalal; Editing by Sandra Maler)
