Standby Credit Facility definition

Standby Credit Facility. GoI has extended a standby credit facility of Rs1000 crore to RGoB to help Bhutan overcome the rupee liquidity crunch. Under this Facility, Government of India provides credit to Royal Government of Bhutan at a concessional interest rate of 5% per annum. The facility is valid for 5 years. Trade with India India is not only Bhutan's main development partner but also its leading trade partner. A free trade regime exists between India and Bhutan. The India-Bhutan Trade and Commerce Agreement which expired in March 2005, was renewed in 2006 for a period of 10 years. Currently, the major items of exports from Bhutan to India are electricity (from Tala, Chukha and Kurichhu Hydroelectric Projects), base metals and articles, minerals, vegetable fat and oils, alcoholic beverages, chemicals, cement, timber and wood products, cardamom, fruit products, potatoes, oranges and apples, raw silk, plastic and rubber products. Major exports from India to Bhutan are petroleum products, mineral products, base metals and articles, machinery, automobiles & spares, vegetable, nuts, spices, processed food and animal products, chemicals, wood, plastic and rubber. The Agreement on Trade and Commerce also provides for duty free transit of Bhutanese merchandise for trade with third countries. Sixteen exit/entry points in India identified in the Protocol for Bhutan's third country trade are: Jaigaon, Chamurchi, Ulta Pani, Hathisar (Gelephu), Darranga, Kolkata, Haldia, Dhubri, Raxaul, Panitanki, Changrabandh, Phulbari, Dawki, New Delhi, Chennai and Mumbai. Of these, Kolkata, Haldia, Mumbai and Chennai are the designated seaports, Dhubri is the riverine route, New Delhi, Chennai, Mumbai and Kolkata are the air routes and Raxaul is the rail route. The others are the designated road routes. During 2011, bilateral trade reached 56.24 billion (2011 est.). Imports from India were of the order of Rs. 35.2 billion (2011 est.) and constituted 72% of Bhutan’s total imports. Bhutan’s exports to India amounted to Rs.26.4 billion (including electricity) (2011 est.) and constituted 84% of its total exports. Total trade in 2011 grew by about 10% from 2010. [Rupees in Billion] Year 2005 2006 2007 2008 2009 2010 2011 Exports to Bhutan (Imports from India) 12.80 13.05 15.09 17.33 223.3 29.30 35.2 Imports from Bhutan (Exports to India) 9.97 14.48 22.72 21.48 20.5 26.00 26.4 Source: Royal Monetary Authority, RGoB Trade Talks: The India Bhutan Bilateral Trade Talks were held in New Delhi on 18-19 August 201...
Standby Credit Facility. GoI extended a standby credit facility of Rs 1000 crores to RGoB to help Bhutan overcome the rupee liquidity crunch. This Credit Facility was provided at a concessional interest rate of 5% per annum. It is valid for 5 years. During the visit of King of Bhutan to India in January, 2014, the GOI has agreed to the RGOB’s request for the extension of repayment period of the existing Rs.300 cr of Standby Credit Facility by another one year. Trade with India India is not only Bhutan's main development partner but also its leading trade partner. The existing free trade regime between India and Bhutan was last renewed in 2006 for a period of 10 years. The India-Bhutan Trade and Commerce Agreement was first signed in 1972. The major items of exports from Bhutan to India are electricity (from Tala, Chukha and Kurichhu Hydroelectric Projects), base metals and articles, minerals, vegetable fat and oils, alcoholic beverages, chemicals, cement, timber and wood products, cardamom, fruit products, potatoes, oranges and apples, raw silk, plastic and rubber products. Major exports from India to Bhutan are petroleum products, mineral products, base metals and articles, machinery, automobiles & spares, vegetable, nuts, spices, processed food and animal products, chemicals, wood, plastic and rubber. The Agreement on Trade and Commerce also provides for duty free transit of Bhutanese merchandise for trade with third countries. Sixteen exit/entry points in India identified in the Protocol for Bhutan's third country trade are: Jaigaon, Chamurchi, Ulta Pani, Hathisar (Gelephu), Darranga, Kolkata, Haldia, Dhubri, Raxaul, Panitanki, Changrabandh, Phulbari, Dawki, New Delhi, Chennai and Mumbai. Of these, Kolkata, Haldia, Mumbai and Chennai are the designated seaports, Dhubri is the riverine route, New Delhi, Chennai, Mumbai and Kolkata are the air routes and Raxaul is the rail route. The others are the designated road routes. During 2012, bilateral trade reached 68.3 billion. Imports from India were Rs.
Standby Credit Facility. GoI extended a standby credit facility of Rs 1000 crores to RGoB to help Bhutan overcome the rupee liquidity crunch. This Credit Facility was provided at a concessional interest rate of 5% per annum. It is valid for 5 years. Trade with India India is not only Bhutan's main development partner but also its leading trade partner. The existing free trade regime between India and Bhutan was last renewed in 2006 for a period of 10 years. The India-Bhutan Trade and Commerce Agreement was first signed in 1972. The major items of exports from Bhutan to India are electricity, ferro-alloys, carbides, Bar & rods, Copper wire, Dolomite, Gypsum, Agri products (oranges, cardamom, potatoes. Major exports from India to Bhutan are High Speed Diesel, ferrous products, Motor Spirit including aviation spirit (petrol), Copper wire, Rice, Wood Charcoal, Hydraulic turbines, machinery items, Coke and semi coke of coal, soybean oil, milk Powder etc. The Agreement on Trade and Commerce also provides for duty free transit of Bhutanese merchandise for trade with third countries. Sixteen exit/entry points in India identified in the Protocol for Bhutan's third country trade are: Jaigaon, Chamurchi, Ulta Pani, Hathisar (Gelephu), Darranga, Kolkata, Haldia, Dhubri, Raxaul, Panitanki, Changrabandh, Phulbari, Dawki, New Delhi, Chennai and Mumbai. Of these, Kolkata, Haldia, Mumbai and Chennai are the designated seaports. Dhubri is the riverine route. New Delhi, Chennai, Mumbai and Kolkata are the air routes. Raxaul is the rail route. The others are the designated road routes. During 2012, bilateral trade reached 68.3 billion. Imports from India were Rs.

Examples of Standby Credit Facility in a sentence

  • Partly in response to United States advocacy, the IMF established the Standby Credit Facility (“SCF”) in July 2009 as a new instrument for concessional financing to low- income countries.

  • For low-income countries, the IMF established the Standby Credit Facility (SCF) in July 2009 as a new instrument for concessional financing, largely in response to U.S. advocacy.

  • Included in this research?The Extended Credit Facility (ECF)7 ConcessionalLICMain tool for providing medium-term lending to LICs. Currently zero interest rate through 2014, 5½ year grace period, maturity of 10 years.Afghanistan, Bangladesh, Burundi, Central African Republic, Côte D’Ivoire, Gambia, Guinea, Liberia, Malawi, Mali, Niger, São Tomé and Príncipe, Solomon IslandsYesThe Standby Credit Facility (SCF)8 ConcessionalLICFor short-term lending to LICs. Can be used on a precautionary basis.

  • India has extended Standby Credit Facility of Rs. 1000 crore (at the interest rate of 5% p.a.) to Bhutan to help deal with the rupee crisis.

  • The Optical Line Interface shall be suitable to work on mono mode fiber to specification No.IRS:TC55-98 or latest in the section under consideration connecting all the stations along the route.

  • See also IMF, Georgia: First and Second Reviews Under the Stand-By Arrangement and Under the Standby Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterion—Staff Report, March 1, 2013.

  • On June 8, 2016, the Executive Board of the IMF completed the fifth review of Rwanda’s economic performance under the program supported by the first Policy Support Instrument (PSI1) and approved an 18-month arrangement under the Standby Credit Facility (SCF)for SDR 144.18 million (about US$204 million or 90 percent of Rwanda’s quota).

  • The revaluation is solely attributable to the NG since BSP has already fully paid its credit availments from Standby Credit Facility (SCF) and Extended Fund Facility (EFF) since December 2006.

  • To assist in this effort the Government of Rwanda requests an eighteen month arrangement under the Standby Credit Facility (SCF) with total access of 90 percent of Rwanda’s IMF quota (SDR 144.18 million) which would work in conjunction with the Policy Support Instrument (PSI) to augment the reserves of the National Bank of Rwanda (BNR).

  • A first cushion against the external shocks was provided by the government's flexible exchange-rate policies, its comfortable level of international reserves, the Precautionary Standby Arrangement and Standby Credit Facility with the IMF, and Georgia's market access to the EU.


More Definitions of Standby Credit Facility

Standby Credit Facility means a Credit Facility issued in the form of a letter of credit and designated by the issuer thereof as a “Standby Letter of Credit.”

Related to Standby Credit Facility

  • Primary Credit Facility mean the credit facility described in the Line of Credit section of this Agreement.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended and restated as of November 12, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • New Credit Facility is defined in Section 9.8.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • Credit Facility Agent means the then acting Agent as defined in and under the Credit Facility or any successor thereto.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Letter of Credit Obligation means, as of any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit on such date (if any Letter of Credit shall increase in amount automatically in the future, such aggregate amount available to be drawn shall currently give effect to any such future increase) plus the aggregate Reimbursement Obligations and Letter of Credit Borrowings on such date.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letters of Credit as defined in Section 3.1(a).