All your details are here, including our Live U-Stream coverage. In case you missed our recent paper on this very subject, here is an excerpt of "Bailouts Go International--The IMF, the U.S., and the Fiscal Crisis":
The Greek Bailout: On Sunday, May 2, 2010, the IMF and the EU announced that they had agreed to terms on a $146 billion assistance package to bail out Greece before they default on their debt obligations. According to the IMF, the Greek assistance package will be provided under a $40 billion Stand-By Arrangement (SBA), which will be funded through a 50-50 ratio of standard IMF quota resources and bilateral borrowing agreements with countries. The IMF refers to the SBA as its "workhorse lending instrument for emerging market countries." A SBA is a loan arrangement where the IMF agrees to stand-by with funds available to a borrower.
Under the IMF agreement, the loan arrangement will be made using its fast-track procedures. Under fast track arrangements, the funds are generally disbursed right away, instead of in tranches when certain conditions are met. According to the IMF, rapid IMF lending procedures can be used, "When a member country faces an exceptional situation that threatens its financial stability and a rapid response is needed to contain the damage to the country or the international monetary system." The rapid lending is implemented in a three-step process: