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About IMF’s Stand-By Arrangement:
- Purpose: Provides short-term financial assistance to countries facing balance of payments difficulties.
- Users: Primarily used by advanced and emerging market countries; occasionally by low-income countries in conjunction with the Standby Credit Facility (SCF).
- Eligibility: Available to all IMF member countries experiencing or anticipating external financing problems.
- Conditionality: Requires countries to implement economic policies addressing their financial issues. Disbursements are contingent on meeting quantitative performance criteria and implementing critical structural measures.
- Duration: Generally 12–24 months, extendable up to 36 months.
About IMF:
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Why in News?
- The International Monetary Fund (IMF) has released USD 1.1 billion to Pakistan as part of a bailout package under its Stand-By Arrangement (SBA).
