IMF Approves $1.5 Billion Flexible Credit Line for Costa Rica
The International Monetary Fund (IMF) approved a $1.5 billion Flexible Credit Line (FCL) for Costa Rica, providing a two-year financial safety net. This precautionary loan, equivalent to 300% of Costa Rica’s IMF quota, bolsters the Central Bank of Costa Rica’s (BCCR) ability to manage potential economic shocks. The IMF commended Costa Rica’s strong policy framework, …
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