IMF approves $2.7 bln line of credit to Panama for pandemic fallout

PANAMA CITY: The International Monetary Fund (IMF) said on Tuesday it had approved a $2.7 billion line of credit for Panama to address the coronavirus pandemic.

The IMF’s executive board approved the two-year arrangement under its Precautionary and Liquidity Line (PLL) to serve as “insurance against extreme external shocks” that the pandemic’s economic fallout causes.

In determining the Central American country’s eligibil