The Central Bank of Chile, with the concurrence of the Ministry of Finance, renewed its precautionary Flexible Credit Line with the International Monetary Fund for USD 11.8 billion, equivalent to SDR 8.72 billion. The lower facility replaces the August 2024 arrangement and provides insurance against external risks without IMF conditionality. This is Chile’s fourth Flexible Credit Line since 2020, and the amount has been reduced with each renewal. The central bank has never drawn on the facility. The latest reduction supports its program to increase the share of international liquidity held as its own reserves, which currently total USD 53.52 billion after growing by USD 5.81 billion since the program began.
2026-08-26Central Bank of Chile
Central Bank of Chile renews IMF Flexible Credit Line at reduced USD 11.8 billion
The Central Bank of Chile renewed its precautionary IMF Flexible Credit Line at a reduced USD 11.8 billion, replacing the August 2024 arrangement. The bank has never drawn on the facility and is reducing its size as it increases its own international reserves, which now total USD 53.52 billion.