IMF Stand-By Arrangement
International Monetary Fund, Structural adjustment
978-613-9-85209-3
6139852099
132
2011-11-22
45.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The IMF Stand-By Arrangement is an economic program of the International Monetary Fund involving financial aid to a member state in need of financial assistance, normally arising from a financial crisis. In return for aid, the economic program stipulates needed reforms in the recipient country aimed at bringing it back on a path of financial stability and economic sustainability. The SBA is a sub-set of IMF and World Bank programs aimed at Structural adjustment. IMF’s Stand-By Arrangement was created in June 1952 to provide financing to countries requiring help with balance of payments problems. The SBA has often been used by member countries and is the dominant lending instrument of the IMF, especially for emerging market countries. After a significant pause in such aid, the financial crisis that erupted in 2008 resulted in a large number of countries requiring such financial assistance from the IMF.
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