Borrowing Agreement Between Deutsche Bundesbank and the International Monetary Fund

Date: September 2, 2009
Electronic Access: Full Text

Summary:In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund, and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance to its members, Deutsche Bundesbank agrees to lend to the Fund an SDR-denominated amount up to the equivalent of EUR 15 billion.

Series : Policy Paper
Subject(s): Borrowing agreements | Germany | Central banks | Borrowing by Fund | Borrowed resources use | New Arrangements to Borrow | Executive Board decisions | Lapse of time approval