A Framework for the Fund's Issuance of Notes to the Official Sector
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
On July 1, 2009, the Executive Board of the International Monetary Fund discussed the Managing Director's proposal for a framework for issuing notes to the official sector. The framework approved by the Executive Board was adapted on the basis of these discussions, as reflected in supplement 2 of the paper. It enables members to invest in IMF paper under note purchase agreements approved by the Board, without any pre-specified limit on the cumulative amount committed under note purchase agreements. The actual issuance of notes will occur should the IMF need additional resources at the time of a loan disbursement to a member. The notes would have similar financial terms to the IMF’s recent bilateral borrowing agreements.
Series:
Policy Papers
Subject:
Article VII, Section 1(i) Borrowed resources use Borrowing by Fund External financing Financial instruments Fund approval proposed Fund general resources Holdings of Fund New Arrangements to Borrow Real sector
English
Publication Date:
June 17, 2009
Format:
Paper
Please address any questions about this title to publications@imf.org