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The IMF Executive Board concluded its review of Colombia's Flexible Credit Line arrangement on April 28, 2021 and reaffirmed the country's qualification for access. Colombia has up to about US$17.6 billion available under the arrangement, of which it has drawn US$5.4 billion.
Access to the FCL reduces Colombia's external financing risk and supports the peso. It does not directly move feed commodity prices.
imf.orgApr 29, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
