{
  "title": "Press Release: IMF Signs SDR 500 Million Borrowing Agreement with De Nederlandsche Bank NV to Support Lending to Low-Income Countries",
  "publication": "IMF News, August 4, 2010",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr10309",
  "canonical": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr10309",
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  "summary": "Borrowing agreement signed between the International Monetary Fund (IMF), as Trustee of the Poverty Reduction and Growth Trust (PRGT), and De Nederlandsche Bank NV.",
  "publishDate": "2010-08-04",
  "sections": [
    {
      "heading": "Agreement details",
      "content": "- Borrowing agreement signed between the International Monetary Fund (IMF), as Trustee of the Poverty Reduction and Growth Trust (PRGT), and De Nederlandsche Bank NV.\n- The Kingdom of the Netherlands will provide the PRGT with up to SDR 500 million (about US$766.6 million) in new loan resources for low-income countries.\n- Agreement signed on July 27, 2010.\n- Press Release dated August 4, 2010."
    },
    {
      "heading": "Purpose and intended use",
      "content": "- Expand the IMF’s capacity to help low-income countries hit hard by the current global crisis.\n- Increase the loan resources available for the recently reformed concessional lending facilities administered through the PRGT."
    },
    {
      "heading": "Context and related actions",
      "content": "- The Executive Board’s approval of the PRGT reforms occurred in July 2009.\n- Following that approval, the Managing Director launched a fund-raising campaign.\n- Fund-raising campaign targets:\n  - SDR 10.8 billion in new bilateral loan resources\n  - SDR 0.2–0.4 billion in bilateral subsidy contributions\n- The signing of the SDR 500 million agreement is presented as part of efforts to meet those fund-raising objectives."
    },
    {
      "heading": "Key statistics and dates",
      "content": "- SDR 500 million\n- about US$766.6 million\n- Signed on July 27, 2010\n- Press Release date: August 4, 2010\n- Executive Board approval: July 2009\n- Fund-raising targets: SDR 10.8 billion; SDR 0.2–0.4 billion\n\nSource: Press Release No. 10/309 (August 4, 2010).\n\n---\n\n\n References\n\n- Kingdom of the Netherlands-The Netherlands and the IMF\n- Press Releases\n- PRESS CENTER\n- Press Release No. 09/268\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr10309"
    }
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    "Published: August 4, 2010",
    "Borrowing agreement signed between the International Monetary Fund (IMF), as Trustee of the Poverty Reduction and Growth Trust (PRGT), and De Nederlandsche Bank NV.",
    "The Kingdom of the Netherlands will provide the PRGT with up to SDR 500 million (about US$766.6 million) in new loan resources for low-income countries.",
    "Agreement signed on July 27, 2010.",
    "Press Release dated August 4, 2010.",
    "Expand the IMF’s capacity to help low-income countries hit hard by the current global crisis.",
    "Increase the loan resources available for the recently reformed concessional lending facilities administered through the PRGT.",
    "The Executive Board’s approval of the PRGT reforms occurred in July 2009.",
    "Following that approval, the Managing Director launched a fund-raising campaign.",
    "Fund-raising campaign targets:",
    "The signing of the SDR 500 million agreement is presented as part of efforts to meet those fund-raising objectives.",
    "SDR 500 million",
    "about US$766.6 million",
    "Signed on July 27, 2010",
    "Press Release date: August 4, 2010",
    "Executive Board approval: July 2009",
    "Fund-raising targets: SDR 10.8 billion; SDR 0.2–0.4 billion",
    "[Kingdom of the Netherlands-The Netherlands and the IMF](http://www.imf.org/external/country/NLD/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[Press Release No. 09/268](https://www.imf.org/external/np/sec/pr/2009/pr09268.htm)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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