IMF approves of renewed credit line to Colombia http://colombiareports.com/colombia-news/economy/15484-imf-approves-of-renewed-credit-line.html

The International Monetary fund (IMF) welcomed Colombia’s interest in a new flexible credit line of $6.1 billion to protect the Andean nation's growing economy from external risks, U.S financial news service Bloomberg reported Friday.John Lipsky, IMF’s deputy managing director, praised Colombia’s sound macroeconomic management saying they provided authorities with policy space to respond to the adverse shocks of the global crisis.The two year “precautionary” credit line is the third for Colombia. In May 2009 a $10.5 million credit line was extended to Colombia by the IMF and renewed in May 2010 as a $3.5 million credit line.

[Big mistake,remember that befroe uribes departure he also tooka gigantic billions of dollars loan form the InterAmerican Bank of Development...the interst on these are going to be a national catastrophe ,wich will ultimatly elad,to massive privatization of every facet of Colombias infrastructure and institutions...