The IMF approved a flexible credit line of $11.8 billion for Chile

The International Monetary Fund (IMF) has approved a two-year Flexible Credit Line (FCL) for Chile, totaling 11.8 billion dollars. The announcement, made on Wednesday, establishes the funding as a precautionary measure to support the country's economic stability.

The agreement includes a provision to gradually reduce access to these funds over the duration of the two-year term. This credit line is intended to serve as a financial buffer for the Chilean economy.