{
  "title": "Press Release: IMF Signs US$10 Billion Note Purchase Agreement with India",
  "publication": "IMF News, March 12, 2010",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1080",
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  "summary": "The International Monetary Fund (IMF) and the Reserve Bank of India have signed an agreement under which the Reserve Bank of India would purchase up to US$10 billion in IMF notes.",
  "publishDate": "2010-03-12",
  "sections": [
    {
      "heading": "Agreement details",
      "content": "- The International Monetary Fund (IMF) and the Reserve Bank of India have signed an agreement under which the Reserve Bank of India would purchase up to US$10 billion in IMF notes.\n- Press Release No.10/80\n- Date: March 12, 2010"
    },
    {
      "heading": "Purpose and implications",
      "content": "- The agreement offers India a safe investment instrument.\n- The agreement boosts the Fund’s capacity to help its members to weather the global financial crisis, and to facilitate an early recovery from the worldwide economic crisis.\n- The Fund can add these resources to those already available through agreements signed with other members, contributing toward an increase in Fund resources requested in April 2009 by G-20 leaders and the International Monetary and Financial Committee."
    },
    {
      "heading": "Context and chronology",
      "content": "- The note purchase agreement follows the endorsement by the Executive Board on July 1, 2009 of the framework for issuing notes to the official sector (Press Release No. 09/248).\n- The Indian authorities had already expressed their intention to invest in IMF notes (Press Release No. 09/300)."
    },
    {
      "heading": "Key statistics and references from the release",
      "content": "- Purchase amount: US$10 billion\n- Relevant dates and identifiers:\n  - March 12, 2010\n  - Press Release No.10/80\n  - Executive Board endorsement: July 1, 2009\n  - Related press releases: Press Release No. 09/248; Press Release No. 09/300\n  - Request for increased Fund resources: April 2009 (G-20 leaders and the International Monetary and Financial Committee)\n\nSource: Press Release No.10/80, March 12, 2010, IMF.\n\n---\n\n Content in this bundle\n\n- 030810pdf (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- India and the IMF\n- Press Releases\n- PRESS CENTER\n- Press Release No. 09/248\n- Press Release No. 09/300\n- agreements\n- International Monetary and Financial Committee\n- http://www.imf.org/external/np/exr/facts/imfnotes.htm\n- http://www.imf.org/external/pp/longres.aspx?id=4347\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1080"
    }
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    "Published: March 12, 2010",
    "The International Monetary Fund (IMF) and the Reserve Bank of India have signed an agreement under which the Reserve Bank of India would purchase up to US$10 billion in IMF notes.",
    "Press Release No.10/80",
    "Date: March 12, 2010",
    "The agreement offers India a safe investment instrument.",
    "The agreement boosts the Fund’s capacity to help its members to weather the global financial crisis, and to facilitate an early recovery from the worldwide economic crisis.",
    "The Fund can add these resources to those already available through agreements signed with other members, contributing toward an increase in Fund resources requested in April 2009 by G-20 leaders and the International Monetary and Financial Committee.",
    "The note purchase agreement follows the endorsement by the Executive Board on July 1, 2009 of the framework for issuing notes to the official sector (Press Release No. 09/248).",
    "The Indian authorities had already expressed their intention to invest in IMF notes (Press Release No. 09/300).",
    "Purchase amount: US$10 billion",
    "Relevant dates and identifiers:",
    "[030810pdf (PDF)](/-/media/websites/imf/imported/external/np/pp/eng/2010/_030810pdf.pdf){rel=\"external\" type=\"application/pdf\"}",
    "[India and the IMF](http://www.imf.org/external/country/IND/index.htm)",
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    "[Press Release No. 09/248](https://www.imf.org/external/np/sec/pr/2009/pr09248.htm)",
    "[Press Release No. 09/300](https://www.imf.org/external/np/sec/pr/2009/pr09300.htm)",
    "[agreements](https://www.imf.org/external/np/exr/faq/contribution.htm)",
    "[International Monetary and Financial Committee](https://www.imf.org/external/np/sec/pr/2009/pr09139.htm)",
    "[http://www.imf.org/external/np/exr/facts/imfnotes.htm](https://www.imf.org/external/np/exr/facts/imfnotes.htm)",
    "[http://www.imf.org/external/pp/longres.aspx?id=4347](https://www.imf.org/external/pp/longres.aspx?id=4347)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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