The SBA is a sub-set of IMF and World Bank programs aimed at Structural adjustment.
IMF’s Stand-By Arrangement was created in June 1952 to provide financing to countries requiring help with balance of payments problems.
"[1] Several countries received an SBA during the Great Recession, including Hungary, Iceland and Greece.
[2] For a long time, structural adjustment programs have been criticised for making excessive demands of austerity in the recipient country in return for financial aid.
Such criticisms have been less pronounced in recent years, notably since 2009, when the IMF's SBA policies were modified to be more responsive to the recipient countries needs.