# Peru: Request for Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Statement by the Executive Director for Peru

> The IMF published a staff report and board statement approving Peru's request for a Flexible Credit Line arrangement. The document says Peru faces recession from the COVID-19 shock and remains exposed to external tail risks such as a prolonged outbreak hurting trade and financial flows.

- Date: 2020-05-29 · published 2020-05-29T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/53419-peru-request-for-arrangement-under-the-flexible-credit-line-press-release-staff
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

The IMF backing gives Peru a financial buffer that supports the sol and domestic demand, which limits pressure on fishmeal and other Peruvian export flows. Its effect on feed commodity prices is modest.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- ideas.repec.org: https://ideas.repec.org/p/imf/imfscr/2020-181.html

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