Standby Credit

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Standby Credit

Funds that the IMF sets aside to lend to needy countries as the need arises with little notice. It should not be confused with a standby letter of credit.
References in periodicals archive ?
The stand-by credit line, which will be in place for three years, will allow the government of Ecuador to temporarily sustain its levels of spending in programs to reduce poverty should exogenous events limit its revenues.
Summary: AMMAN - The International Monetary Fund has approved to provide Jordan with $385 million, which is the second installment of a stand-by credit line to the country, to help finance national projects.
Favorable macroeconomic developments have recently prompted the International Monetary Fund to revise upward its third-quarter quantitative targets under the Stand-By credit facility for Brazil.
MMX has received two competing offers from financial institutions for a US$400million stand-by credit facility (the "Facility").
The European Bank for Reconstruction and Development (EBRD) is helping to boost confidence in Albania s financial sector with a 100 million stand-by credit line to the Albanian Deposit Insurance Agency (ADIA).
WASHINGTON, July 29 /PRNewswire/ -- The International Monetary Fund (IMF) today approved a 13-month stand-by credit for Estonia for an amount equivalent to Special Drawing Rights (SDR) 13.
NASDAQ: ZANE) today announced that it had reached an agreement, subject to Board approval, with accredited investors on a $5MM stand-by credit facility.
Meanwhile, Prime Minister Manmohan Singh, stated that India has accorded to offer a stand-by credit facility of US$25 billion to Maldives to import products from New Delhi.
13 /PRNewswire/ -- The International Monetary Fund (IMF) today approved a 15-month stand-by credit for Pakistan equivalent to Special Drawing Rights (SDR) 401.
In connection with the financing, Interpublic has terminated its existing three-year revolving stand-by credit facility.
In this regard, he said that IMF management views yesterday's exchange rate action in the context of the Russian government's determination to pursue the objectives of its economic program, which are supported by an IMF stand-by credit.
Our new stand-by credit facility will provide significantly greater flexibility and extended maturity compared to the one we are replacing, which remains undrawn.