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21 May 2024
Peru Exits the Flexible Credit Line Arrangement with the IMF
The Peruvian authorities have notified the International Monetary Fund (IMF) of their intention to let the current Flexible Credit Line (FCL) arrangement, approved by the IMF’s Executive Board on May 27, 2022, expire on May 26, 2024 and not to seek a successor FCL arrangement. This decision has been expected given the authorities’ previous intention to exit the arrangement conditional on evolution of external risks.
