General Arrangements to Borrow

Source details

Canonical URL

General Arrangements to Borrow

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Published: December 26, 2017

Background

• "This notification summarizes the outcome of consultations with Washington-based representatives of participants in the General Arrangements to Borrow (GAB) on a possible renewal of the GAB decision."
• The GAB was established in 1962 and is a standing agreement between the Fund and 11 participants to supplement the Fund’s quota resources.
• The GAB decision stipulates that the arrangements are subject to periodic renewal, and that decisions on renewal must be taken one year prior to expiration.
• The last renewal became effective in December 2013.

Renewal timeline and decision requirement

• The Fund would need to adopt a decision on renewal not later than twelve months before the end of the current period, i.e., not later than December 25, 2017.
• Publication date of this notification: December 26, 2017.

Key statements and implications

• The document serves as a summary of consultation outcomes regarding a possible renewal of the GAB decision.
• Core factual points to preserve:
  • Established: 1962
  • Participants: 11
  • Last renewal effective: December 2013
  • Renewal decision deadline: December 25, 2017

Source: General Arrangements to Borrow, December 26, 2017, International Monetary Fund.

Content in this bundle

• Policy Paper
  • Policy Paper (Markdown version)
  • Policy Paper (PDF)