(Reuters) – The International Monetary Fund (IMF) has approved a $2.7 billion line of credit for Panama to address the coronavirus pandemic, the lender said in a statement on Tuesday.
The IMF’s executive board approved the two-year arrangement under its so-called precautionary and liquidity line of credit to serve as “insurance against extreme external shocks” that the pandemic’s economic fallout causes, the statement added.
(Reporting by Diego Ore; Writing by David; Alire Garcia; Editing by Shri Navaratnam)
