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UPDATE 1-Peru says not asked for IMF credit; to evaluate it

Published 04/21/2009, 01:24 AM
Updated 04/21/2009, 01:56 AM

(Recasts lead, adds evaluate in headline)

LIMA, April 20 (Reuters) - Peru's central bank on Monday denied that it has asked for a new credit line from the International Monetary Fund, but emphasized it will evaluate new funding in the future.

"As of today, there has not been a pronouncement or request made by the Peruvian government, so the rumors are false," the central bank said in a statement.

"The IMF, on the other hand, is working to explain the characteristics of this facility in light of the first case being approved, all of which will be evaluated at the appropriate time," the statement said.

The IMF gave final approval last week to a $47 billion line of credit for Mexico, and the 4Cast consultancy on Monday said Peru was looking at a $10 billion credit line.

The no-strings attached credit line is designed as a guarantee for well-run emerging market economies that may run into trouble because of the global economic downturn.

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