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What is Stand-By (SBA)

Chapter 11
Handbook of Research on Global Institutional Roles for Inclusive Development
Is a loan that is provided to the member countries of the IMF under certain conditions. The purpose of obtaining a loan has to be approved. The bank reserves the approved amount by a certain date, and the client uses it in full or in part. The SBA is designed to overcome short-term balance of payments problems. It is issued for a period of 12 to 24 months. The loan repayment period is 3.5 - 5 years from the date of actual receipt of funds. Such a loan has been issued since 1952.
Published in Chapter:
International Financial Organizations: Russian Experience of Cooperation for Three Decades
Elena Viktorovna Burdenko (Plekhanov Russian University of Economics, Russia)
Copyright: © 2022 |Pages: 22
DOI: 10.4018/978-1-6684-2448-3.ch011
Abstract
The chapter examines Russia's cooperation with international financial organizations for the period from 1992 to 2021. Attention is paid to cooperation programs with the International Monetary Fund and projects implemented jointly with the International Bank for Reconstruction and Development, the Multilateral Investment Guarantee Agency, and the International Finance Corporation. The participation of Russia in the projects of the International Development Association is shown. The chapter analyzes the problems of Russia's cooperation with “old” international organizations.
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