{
  "title": "General Arrangements to Borrow",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2017/12/26/pp122617-general-arrangements-to-borrow",
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  "summary": "This notification summarizes the outcome of consultations with Washington-based representatives of participants in the General Arrangements to Borrow (GAB) on a possible renewal of the GAB decision.",
  "sections": [
    {
      "heading": "Background",
      "content": "- \"This notification summarizes the outcome of consultations with Washington-based representatives of participants in the General Arrangements to Borrow (GAB) on a possible renewal of the GAB decision.\"\n- The GAB was established in 1962 and is a standing agreement between the Fund and 11 participants to supplement the Fund’s quota resources.\n- The GAB decision stipulates that the arrangements are subject to periodic renewal, and that decisions on renewal must be taken one year prior to expiration.\n- The last renewal became effective in December 2013."
    },
    {
      "heading": "Renewal timeline and decision requirement",
      "content": "- The Fund would need to adopt a decision on renewal not later than twelve months before the end of the current period, i.e., not later than December 25, 2017.\n- Publication date of this notification: December 26, 2017."
    },
    {
      "heading": "Key statements and implications",
      "content": "- The document serves as a summary of consultation outcomes regarding a possible renewal of the GAB decision.\n- Core factual points to preserve:\n  - Established: 1962\n  - Participants: 11\n  - Last renewal effective: December 2013\n  - Renewal decision deadline: December 25, 2017\n\nSource: General Arrangements to Borrow, December 26, 2017, International Monetary Fund.\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2017/12/26/pp122617-general-arrangements-to-borrow"
    }
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    "Published: December 26, 2017",
    "\"This notification summarizes the outcome of consultations with Washington-based representatives of participants in the General Arrangements to Borrow (GAB) on a possible renewal of the GAB decision.\"",
    "The GAB was established in 1962 and is a standing agreement between the Fund and 11 participants to supplement the Fund’s quota resources.",
    "The GAB decision stipulates that the arrangements are subject to periodic renewal, and that decisions on renewal must be taken one year prior to expiration.",
    "The last renewal became effective in December 2013.",
    "The Fund would need to adopt a decision on renewal not later than twelve months before the end of the current period, i.e., not later than December 25, 2017.",
    "Publication date of this notification: December 26, 2017.",
    "The document serves as a summary of consultation outcomes regarding a possible renewal of the GAB decision.",
    "Core factual points to preserve:",
    "**Policy Paper**"
  ],
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