IMF approves new $9.8 billion flexible credit line for Colombia

Saturday, April 30, 2022

NEW YORK (Reuters) - The International Monetary Fund on Friday approved a $9.8 billion Flexible Credit Line (FCL) for Colombia, which the South American country said will be treated as "precautionary," the IMF said in a statement.

"Colombia qualifies for the (FCL) by virtue of its very strong economic fundamentals and institutional policy frameworks and track record of implementing very strong policies and commitment to maintaining such policies," the Fund said.

The Andean country last drew about $5.4 billion on December 2020 from an FCL agreement approved earlier that year to address the COVID-19 pandemic, and did not withdraw from FCLs approved in 2016 and 2018, IMF data show.

The Fund said Colombia remains vulnerable to external risks including inflationary pressures and a spike in risk premia, and this new credit line will reinforce market confidence in the oil exporter.

Colombia's central bank applauded the approval and said it serves as a cushion in case of emergency, along with the country's $58 billion in international reserves.

"The line is precautionary and in principal they are resources that won't be used but it is very important to have them in case of a crisis situation occasioned by circumstances outside of our country," central bank board chief Leonardo Villar said.

"They are resources which make international investors, international lenders willing to lend to us when we need because they know we have this cushion for unexpected circumstances," he added.

Colombia's economy grew a record 10.6% last year after shrinking 6.8% in 2020 amid the coronavirus pandemic. The government projects the economy will expand 5% this year.

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APPROVED BROKERS

28-05-2022 02:03:29 (UTC+7)

EUR/USD

1.0731

+0.0007 (+0.07%)

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EUR/USD

1.0731

+0.0007 (+0.07%)

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GBP/USD

1.2623

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USD/JPY

127.08

-0.06 (-0.04%)

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AUD/USD

0.7152

+0.0054 (+0.76%)

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USD/CAD

1.2729

-0.0043 (-0.34%)

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Buy

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EUR/JPY

136.38

+0.04 (+0.03%)

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EUR/CHF

1.0279

-0.0009 (-0.09%)

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Gold Futures

1,850.88

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Silver Futures

22.112

+0.147 (+0.67%)

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Copper Futures

4.3195

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Crude Oil WTI Futures

114.87

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Brent Oil Futures

115.31

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Natural Gas Futures

8.736

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US Coffee C Futures

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Euro Stoxx 50

3,808.86

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S&P 500

4,135.80

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DAX

14,462.19

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FTSE 100

7,585.46

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20,697.36

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US Small Cap 2000

1,881.55

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IBEX 35

8,933.60

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BASF SE NA O.N.

51.110

+0.320 (+0.63%)

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Neutral

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Bayer AG NA

66.58

+0.68 (+1.03%)

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Allianz SE VNA O.N.

200.20

+1.40 (+0.70%)

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Adidas AG

179.96

+3.20 (+1.81%)

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Deutsche Lufthansa AG

6.881

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Siemens AG Class N

121.86

+3.34 (+2.82%)

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Deutsche Bank AG

10.392

-0.022 (-0.21%)

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EUR/USD	1.0731	↑ Buy
GBP/USD	1.2623	↑ Buy
USD/JPY	127.08	↑ Sell
AUD/USD	0.7152	Buy
USD/CAD	1.2729	Buy
EUR/JPY	136.38	↑ Buy
EUR/CHF	1.0279	↑ Buy

Gold	1,850.88	↑ Sell
Silver	22.112	↑ Buy
Copper	4.3195	↑ Buy
Crude Oil WTI	114.87	↑ Sell
Brent Oil	115.31	↑ Buy
Natural Gas	8.736	↑ Buy
US Coffee C	228.65	↑ Sell

Euro Stoxx 50	3,808.86	↑ Buy
S&P 500	4,135.80	↑ Buy
DAX	14,462.19	↑ Buy
FTSE 100	7,585.46	Sell
Hang Seng	20,697.36	↑ Buy
Small Cap 2000	1,881.55	↑ Buy
IBEX 35	8,933.60	↑ Buy

BASF	51.110	Neutral
Bayer	66.58	↑ Buy
Allianz	200.20	↑ Buy
Adidas	179.96	↑ Buy
Lufthansa	6.881	↑ Buy
Siemens AG	121.86	Buy
Deutsche Bank AG	10.392	↑ Sell

Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG
SJC Eximbank	6,830/ 6,940 (0/ 0) # 1,716
SJC HCM	6,855/ 6,955 (0/ 0) # 1,731
SJC Hanoi	6,855/ 6,957 (0/ 0) # 1,733
SJC Danang	6,855/ 6,957 (0/ 0) # 1,733
SJC Nhatrang	6,855/ 6,957 (0/ 0) # 1,733
SJC Cantho	6,855/ 6,957 (0/ 0) # 1,733
Cập nhật 28-05-2022 02:03:31
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ↀ Giá vàng thế giới
$1,853.12	+0.2	0.01%

ʘ Giá bán lẻ xăng dầu
Sản phẩm	Vùng 1	Vùng 2
RON 95-V	31.250	31.870
RON 95-III	30.650	31.260
E5 RON 92-II	29.630	30.220
DO 0.05S	25.550	26.060
DO 0,001S-V	26.350	26.870
Dầu hỏa 2-K	24.400	24.880

ↂ Giá dầu thô thế giới
WTI	$113.75	-0.77	-0.68%
Brent	$115.20	-0.76	-0.67%

$ Tỷ giá Vietcombank
Ngoại tệ	Mua vào	Bán ra
USD	23.030,00	23.340,00
EUR	24.263,11	25.622,23
GBP	28.523,96	29.740,84
JPY	177,60	188,03
KRW	15,91	19,38
Cập nhật lúc 18:54:46 27/05/2022 Xem bảng tỷ giá hối đoái