# IMF Executive Board Approves Augmentation of Colombia’s Flexible Credit Line

> The IMF Executive Board approved a SDR 4.4174 billion (about USD 6.2 billion) increase in Colombia's Flexible Credit Line, bringing total access to SDR 12.267 billion (about USD 17.2 billion). The augmentation was granted given Colombia's strong policy framework and larger-than-expected COVID-19 impact. The facility is designed to address actual and potential balance-of-payments pressures.

- Date: 2020-09-25 · published 2020-09-25T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/51416-imf-executive-board-approves-augmentation-of-colombia-s-flexible-credit-line
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Added external liquidity supports the peso and reduces downside currency risk, which tends to lower the USD per COP rate. A firmer peso can marginally ease import costs for Colombian feed buyers.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- imf.org: https://www.imf.org/en/news/articles/2020/09/25/pr20300-colombia-imf-executive-board-approves-augmentation-of-the-flexible-credit-line

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.