21. The proposed standby loan facility would have to work in conjunction with the International Monetary Fund, he said. 22. The precautionary arrangement, which is a standby loan facility, has somewhat laxer conditions attached to it than fully-fledged borrowing programs. 23. The report, attributed to Finance Ministry officials, said talks would resume later this month on the standby loan. 24. The targets are part of the conditions the IMF has set for the Central Bank to tap the standby loan to boost its foreign reserves. 25. Thomsen said performance criteria negotiated with the Vacaroiu government as conditions for new standby loans would be renegotiated. 26. Turkey promised the International Monetary Fund it would accept international arbitration in return for a standby loan agreement expected to be signed this fall. 27. Why offer such a huge standby loan, if our monetary authorities would not possibly be able to utilize it. 28. Without the critical standby loan, Russia would have to turn to Central Bank credits to fund the deficit, dashing hopes of reducing inflation sharply this year. 29. His visit coincides with a trip by an IMF mission to Moscow to finalize conditions to grant Russia a nine billion dollar, three-year standby loan. 30. Interfax news agency quoted Knobl as saying Ukraine was meeting its financial targets in line with the IMF standby loan programme. |
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