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Colombia Central Bank Transfers IMF’s $2.8 Billion to Government

  • Government plans to use the money to fund 2022 budget
  • IMF issued special drawing rights to boost global liquidity
Central Bank Of Colombia Meeting With New Finance Minister Alberto Carrasquilla
Photographer: Ivan Valencia/Bloomberg

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Colombia’s central bank sold $2.79 billion in reserves and transferred the money to the central government after receiving that amount from the International Monetary Fund, Governor Leonardo Villar said Monday.