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... 2 to 10 years. The financing for concessional lending is arranged through a cooperative effort of 94 nations – and this commitment to the poorest of nations will be limited by the IMF to about 1 billion a year until 2005.
SBA: Stand-By Arrangements are only designed to take care of short-term “balance-of-payments” issues for a given country. SBA is the most frequently used form of loan from the IMF. The length of SBA is usually 12-18 months, and is expected to be repaid within 2 1/4 to 4 years without an approved extension.
EFF: This type of loan is ...

... an example of why it needs that club. Before Kenya begins once again enjoying much-needed infusions of capital, it must meet these IMF conditions: passage of anti-corruption and government ethics bills in Parliament; increasing the Attorney-General’s powers to prosecute corruption; and the development of a poverty reduction strategy paper (PRSP). The IMF monies have been cut off to Kenya since December 2000 – that’s when the “Anti-Corruption Authority” in Kenya was outlawed by a “constitutional court.”
Another recent positive indication that some African nations are using the IMF and WB money properly was revealed recently (Xinhua, 2003). The IMF commended ...

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