IMF published this video item, entitled “The IMF’s Flexible Credit Line (FCL)” – below is their description.
Chile and Peru have joined Colombia and Mexico as recipients of the IMF’s Flexible Credit Line (FCL), available to countries with strong economic track records & policy frameworks. The credit line provides insurance against external shocks and sends a strong signal of support from the global community.
Read more about the FCL here: http://ow.ly/Etf550zW4gx
IMF YouTube Channel
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About This Source - IMF
The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
Chile, officially the Republic of Chile, is a country in western South America. It occupies a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west. Chile covers an area of 756,096 square kilometres (291,930 sq mi) and has a population of 17.5 million as of 2017. The capital and largest city is Santiago and the national language is Spanish.
Chile borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far south. Chilean territory includes the Pacific islands of Juan Fernández, Isla Salas y Gómez, Desventuradas, and Easter Island in Oceania. Chile also claims about 1,250,000 square kilometres (480,000 sq mi) of Antarctica under the Chilean Antarctic Territory.
Colombia, officially the Republic of Colombia, is a transcontinental country largely in the north of South America, with territories in North America. Colombia is bounded on the north by the Caribbean Sea, the northwest by Panama, the south by Ecuador and Peru, the east by Venezuela, the southeast by Brazil, and the west by the Pacific Ocean.
The capital is Bogotá, the country’s largest city. With over 50 million inhabitants Colombia is one of the most ethnically and linguistically diverse countries in the world. The Republic of Colombia was declared in 1886. Panama seceded in 1903.
Colombia’s territory encompasses Amazon rainforest, highlands, grasslands, and deserts, and it is the only country in South America with coastlines and islands along both the Atlantic and Pacific.
Mexico is a country in the southern portion of North America. It is the most populous Spanish-speaking nation. Mexico City is its capital city and largest metropolis.
Mexico became an independent nation state after the successful Mexican War of Independence against Spain in 1821.
Mexico is a developing country, but has the world’s 15th-largest economy by nominal GDP and the 11th-largest by PPP, with the United States being its largest economic partner. Since 2006, a conflict between the government and drug trafficking syndicates has led to over 120,000 deaths.
Mexico receives a significant number of tourists every year; in 2018, it was the 6th most-visited country in the world, with 39 million international arrivals.
Peru is a country in South America that’s home to a section of Amazon rainforest and Machu Picchu, an ancient Incan city high in the Andes mountains. The region around Machu Picchu, including the Sacred Valley, Inca Trail and colonial city of Cusco, is rich in archaeological sites. On Peru’s arid Pacific coast is Lima, the capital, with a preserved colonial center and important collections of pre-Columbian art.
