June 24, 2013 / 6:17 PM / in 4 years

IMF approves $5.84 bln flexible credit line for Colombia

WASHINGTON, June 24 (Reuters) - The International Monetary Fund (IMF) said on Monday it had approved a new two-year $5.84 billion flexible credit line for Colombia, following a request by the South American nation.

The new flexible credit line will replace a previous $6 billion two-year program, which recently expired. Colombia has previously said it intended to treat the new facility as precautionary and did not intend to draw on the line.

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