## Borrowing Agreement with Norges Bank

_Policy Papers, May 29, 2009_

## Source details

**Canonical URL:** [Borrowing Agreement with Norges Bank](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/borrowing-agreement-with-norges-bank-pp4343)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/borrowing-agreement-with-norges-bank-pp4343/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/borrowing-agreement-with-norges-bank-pp4343/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/borrowing-agreement-with-norges-bank-pp4343/bundle-manifest.json)

## Bibliographic details
- Published: May 29, 2009
- Series: Policy Papers

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### Overview and purpose
- Presents for the approval of the Executive Board a draft borrowing agreement between Norges Bank and the Fund.
- On March 28, the Finance Minister of Norway announced that the Ministry of Finance and Norges Bank were exploring a possible Norwegian contribution of up to 30 billion Norwegian kroner (about US$4.5 billion or SDR 3 billion) of financial resources to the IMF.
- The stated purpose of the possible contribution is to support the Fund’s ability to provide timely and effective balance of payments assistance to its members in the current crisis.

### Agreement status
- Staff and Norges Bank representatives have reached agreement on a draft borrowing agreement.
- The text of the draft borrowing agreement is set forth in the Attachment (“the Agreement”).

### Key facts and metadata
- Publication title: Borrowing Agreement with Norges Bank
- Publication date on page: May 29, 2009
- Subjects listed: Borrowed resources use, Borrowing agreements, Borrowing by Fund, Central banks, Executive Board decisions, Lapse of time approval, Norway

*Source: IMF — Borrowing Agreement with Norges Bank (web landing page).*

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## Content in this bundle

- **Borrowing Agreement with Norges Bank; IMF Policy Paper, May 29, 2009**
  - [Borrowing Agreement with Norges Bank; IMF Policy Paper, May 29, 2009 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2009/_052909.pdf.md){rel="alternate" type="text/markdown"}
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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/borrowing-agreement-with-norges-bank-pp4343_