Standby Credit

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 ?
Zhu made his comments following the first review of Kenya under its stand-by arrangement (SBA) and the standby credit facility (SCF).
They also agreed to explore possibility of having a standby credit line to deal with such situations.
Ensour stressed that the meeting came at a critical time as Jordan has almost overcome, successfully, the standby credit program to the International Monetary Fund (IMF), and after launching Jordan's 10-year blueprint, in addition to the WEF's fruitful outlets.
The firm said in a disclosure to the stock exchange, The company intends to avail of the term loan facility as standby credit to fund its expansion plans in property development and strategic real estate business activities that they foresee will generate value and benefits to its shareholders and the investing public .
Last month Ukraine won a $14bn-$18bn standby credit from the IMF.
The Washington-based fund said last week it had signed a binding accord with Ukraine, under which Kiev was to receive $14 to $18 billion in standby credit in exchange for painful economic reforms.
In this connection, he reminded that the first part of the standby credit granted by the International Monetary Fund (IMF), signed in June 2013, will be released in 2014, announcing that the government is negotiating with the European Union (EU) for the granting of a credit from 300 to 500 million euros.
The undrawn standby Credit Facility will be subject to a standby fee of 4.
Cracks meanwhile have started to appear in support for the 49-year-old, who has kept up his attacks on the IMF and the EU even as he seeks to secure a standby credit line.
Manmohan Singh, today said that the Indian government has agreed to extend a 100 million dollars Standby Credit Facility (SCF) to Maldives to help stabilize its fiscal position.
55-billion- dollar) standby credit, officials said Thursday, according.
3 billion credit from the IMF with tough conditions attached to its standby credit.