adjustment credit meaning
An advance made by a US Federal Bank to smaller banks to satisfy short-term lending needs. The loans may be made for as short a term as 15 days. Adjustment credits are most often used when interest rates are high and money supply is short.
- The World Bank also cut dlrs 71 . 6 million in structural adjustment credits.
- The World Bank followed suit and cut dlrs 71 . 6 million in structural adjustment credit.
- The discount rate is the rate charged depository institutions when they borrow short-term adjustment credit from their district Federal Reserve Banks.
- The governments have provided severance payments to redundant staff, in part through financing provided by the donor community under sectoral and structural adjustment credits.
- As a result, the IMF suspended lending for three years, and the World Bank also put a $ 90 million structural adjustment credit on hold.