Note Purchase Agreement Between the People's Bank of China and the International Monetary Fund

Date: September 2, 2009
Electronic Access: Full Text

Summary:In light of the international effort to ensure the adequacy of the financial resources available to the Fund, and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance, particularly to developing and emerging market countries affected by the global financial crisis, the PBC agrees to purchase from the Fund promissory notes.

Series : Policy Paper
Subject(s): Borrowing agreements | China, People's Republic of | Real sector | Borrowing by Fund | New Arrangements to Borrow | External financing | Fund general resources | Borrowed resources use | Article VII, Section 1(i) | Executive Board decisions | Lapse of time approval