Petro Cites ‘Vampires’ After IMF Pauses Colombia Credit Line

Colombian President Gustavo Petro took aim at the head of International Monetary Fund, referencing “vampires,” after the lender paused his nation’s access to its $8.1 billion flexible credit line.

The IMF, led by Bulgarian economist Kristalina Georgieva, this month highlighted the greater-than-expected deterioration in Colombia’s public finances. On Saturday it issued a statement saying that the South American nation’s access to the credit line is contingent on completing an ongoing consultation and a subsequent review.