Board of Directors of the Bank of the Republic Leaves at 9,25 % Interest Rates and Confirms Cancellation of the Flexible Credit Line with the Imf; Reasons

cablenoticias.tv

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The line of credit had a validity of two years and an amount of 6,133.5 million Special Drawing Rights, equivalent to approximately $8.1 billion at the time of approval. Colombia decided to cancel the agreement of the Flexible Credit Line that it had with the International Monetary Fund since April 2024, after the multilateral agency suspended access to these resources after its last evaluation, reported the manager of the Banco de la República,…

diarioestrategia.cl

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The Colombian authorities have taken the decision to cancel the agreement on the flexible credit line granted by the International Monetary Fund (IMF) that Colombia has maintained since April 2024, according to the Banco de la República (the Colombian central bank).

Portafolio.co

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The announcement of the termination of this flexible line of credit opens up a panorama in which the country is called to make adjustments in fiscal matters.

El Tiempo

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The decision was by majority: 4 members voted to maintain it, 2 to reduce it 50 basis points and one to a decrease of 25 basis points.

Valora Analitik

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The manager of the Banco de la República, Leonardo Villar, revealed that the issuer again maintained the rates in Colombia. Photo: Banco de la República. The Board of Directors of the Banco de la República decided by majority (4 members in favour), at its meeting on Tuesday, September 30, not to change the interest rate, leaving it at 9.25%. On the other hand, two co-directors proposed a reduction of 50 basis points (pb) and one suggested an adj…