## Press Release: IMF Signs US$10 Billion Note Purchase Agreement with India

_IMF News, March 12, 2010_

## Source details

**Canonical URL:** [Press Release: IMF Signs US$10 Billion Note Purchase Agreement with India](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1080)

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## Bibliographic details
- Published: March 12, 2010

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### Agreement details
- 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

### Purpose and implications
- 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.

### Context and chronology
- 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).

### Key statistics and references from the release
- Purchase amount: US$10 billion
- Relevant dates and identifiers:
  - March 12, 2010
  - Press Release No.10/80
  - Executive Board endorsement: July 1, 2009
  - Related press releases: Press Release No. 09/248; Press Release No. 09/300
  - Request for increased Fund resources: April 2009 (G-20 leaders and the International Monetary and Financial Committee)

*Source: Press Release No.10/80, March 12, 2010, IMF.*

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## Content in this bundle

- [030810pdf (PDF)](/-/media/websites/imf/imported/external/np/pp/eng/2010/_030810pdf.pdf){rel="external" type="application/pdf"}

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## References

- [India and the IMF](http://www.imf.org/external/country/IND/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [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)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1080_