New Arrangements to Borrow - Proposed Renewal of and Modifications to the NAB Decision
Policy Papers, October 21, 2016
Source details
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- New Arrangements to Borrow - Proposed Renewal of and Modifications to the NAB Decision
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Bibliographic details
- Published: October 21, 2016
- Series: Policy Papers
Overview
- The Fund’s decision on the New Arrangements to Borrow (the “NAB”), as amended, (the “NAB Decision”) is subject to renewals not later than 12 months before the end of each NAB period.
- The current NAB period is set to expire on November 16, 2017.
- The NAB Decision was last renewed for a five-year period in November 2012.
Renewal timeline and procedural requirement
- Pursuant to paragraph 19(a) of the NAB Decision, the Executive Board is to take a decision on the renewal no later than twelve months before the end of the NAB Decision, i.e., by November 16, 2016.
- Once a decision on renewal is taken, the new NAB period would become effective on November 17, 2017.
Review focus and potential modifications
- In renewing the NAB Decision, the Fund and NAB participants are to review the functioning of the NAB Decision and, in particular, the experience with the procedures for activation.
- Modifications of the NAB Decision could be made at the time of renewal.
Metadata and subject tags
- Subject: Executive Board decisions, Lapse of time approval, New Arrangements to Borrow, Resource mobilization
- Publication date listed on page: October 21, 2016
Source: New Arrangements to Borrow - Proposed Renewal of and Modifications to the NAB Decision (IMF web page).
Content in this bundle
- INTRODUCTION — New Arrangements to Borrow