IMF Stand-By Arrangement (SBA)
A financial support program from the International Monetary Fund to help countries in balance-of-payments distress.
Detailed Definition
The Stand-By Arrangement is an economic framework where the IMF lends foreign currency reserves to member nations facing balance-of-payments shortages. Borrowers agree to structural economic reforms, such as energy tariff revisions, fiscal consolidation, and market-determined exchange rates.
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