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.
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References in periodicals archive ?
Kenya had secured a six-month extension for its stand-by credit arrangement of $989.8 million from the International Monetary Fund in March, which was due to expire in mid-September.
This sharp acceleration is due, in particular, to the repayment of US $ 500 million for the Qatari bond loan contracted in 2012 (April 2017); 271 MD under the deadline of SAMURAI 6 (August 2017); and three tranches related to the STAND-BY credit granted by the IMF in 2013 for respective amounts of 135 MD (April 2017), 200 MD (July 2017) and 206 MD (October 2017).
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.
Hungary, not part of the eurozone, has been in long-running talks with the International Monetary Fund and the EU about a stand-by credit line of around 15 billion euros ($19 billion).
The Tunisian government could be forced to ask the International Monetary Fund (IMF) to give it a stand-by credit line of $ 2.5 billion, said Minister of Foreign Investment and International Cooperation Riadh Bettaieb.