# IMF Executive Board Concludes Review of Colombia’s Performance Under the Flexible Credit Line Arrangement

> 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.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/47888-imf-executive-board-concludes-review-of-colombia-s-performance-under-the
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Access to the FCL reduces Colombia's external financing risk and supports the peso. It does not directly move feed commodity prices.

## Sources

- imf.org: https://www.imf.org/en/news/articles/2021/04/29/imf-executive-board-concludes-review-of-colombia-flexible-credit-line-arrangement

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