Colombia: Test case - 1st country to tap IMF's Flexible Credit Line (FCL).

Just secured an increase in its FCL to US$17.2bn (c.5% of GDP/ 600% of IMF quota) from US$10.8bn.

Lower interest rate than Colombia could've managed through debt issuance.https://t.co/hCCMCFjMzX

— Emerging Market Muser (@emmuser) September 28, 2020