IMF approves $1.5 billion, 2-year flexible line of credit for Costa RicaIn a statement, the IMF said its Flexible Credit Line arrangements were reserved for countries with very strong policy frameworks and track records in economic performance.
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Washington: The International Monetary Fund on Monday said it had approved a $1.5 billion, two-year precautionary flexible line of credit for Costa Rica, saying it would enhance Costa Rica's external buffers against potential risks.
In a statement, the IMF said its Flexible Credit Line arrangements were reserved for countries with very strong policy frameworks and track records in economic performance.
"The arrangement is intended to send a very clear signal of the quality of the country’s very strong policies and institutional frameworks," it said.