IMF praises Chile’s Covid-19 response
Fund warns against new withdrawals from pension system
The International Monetary Fund praised the response of Chilean authorities to the Covid-19 pandemic in its latest Article IV consultation with the country.
The fund highlights how “the central bank introduced a broad range of unconventional measures to support liquidity, including through funding-for-lending facilities, asset purchase programmes, and an expanded collateral framework”.
Additionally, IMF said its flexible credit line (FCL) had contributed to Chile’s ability to withstand
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