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 ?
With the support of the IMF under two stand-by credits and the systemic transformation facility (STF)(A), the authorities have completed the initial stage of financial stabilization.
The current stand-by credit for the equivalent of SDR 25.