IMF Standby Credit Facility (SCF)
IMF Standby Credit Facility (SCF)
The Standby Credit Facility (SCF) provides flexible financial assistance to low-income countries (LICs) with short-term balance of payments needs. The SCF was created under the Poverty Reduction and Growth Trust (PRGT) as part of a broader reform to make the Fund’s financial support more flexible and better tailored to the diverse needs of LICs, including in times of shocks or crisis.
Provided by
Coverage
various
Instrument type
Loan
Eligibility
The SCF is available to PRGT-eligible member countries facing an immediate or potential balance of payments need, where the country’s financing and adjustment needs are normally expected to be resolved within two years, thus establishing a sustainable macroeconomic position.
Intended for disaster response
No
Available to
Bangladesh, Cameroon, Dominica, Ghana, Grenada, Guyana, Kenya, Kiribati, Lesotho, Malawi, Mozambique, Nigeria, Papua New Guinea, Rwanda, Saint Lucia, Samoa, Sierra Leone, Solomon Islands, St Vincent and The Grenadines, Tonga, Uganda, Vanuatu, and Zambia