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 ?
Wickremasinghe has run short of even yahapalanaya sympathisers to support him on economic and political management, and all indications are that things are going to get worse for the most vulnerable in the country if the IMF agrees to provide standby credits for the country.
Bill Jorgenson, managing partner for AGreen Energy LLC, which owns the digester, said the project has the potential to create seven different sources of revenue: electricity, renewable energy tax credits, standby credits, generation credits, liquid and solid fertilizer, and heat.
As expanding suburbs spread relentlessly, this phenomenon seemed confirmed by the confident slogan of "What's good for General Motors is good for America" - yet no longer for it seems as the "US Big Three" (General Motors, Ford and Chrysler) are in the process of pleading to Congress for 30 billion US dollars in loans and standby credits and without them it's likely that General Motors and Chrysler could be forced into administration.