Global Pay-Day Loaning

Lending arrangements, which are similar to a line of credit, are approved by the International Monetary Fund Executive Board to support a country’s adjustment program. The arrangement requires the member to observe specific terms in order to be eligible to receive a disbursement. The IMF lends under Stand-by, Extended, Flexible Credit Line and Precautionary Credit Line arrangements, and at reduced rates, under Poverty Reduction and Growth Trust and Exogenous Shocks Facility arrangements.

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