## General Arrangements to Borrow

## Source details

**Canonical URL:** [General Arrangements to Borrow](https://www.imf.org/en/publications/policy-papers/issues/2017/12/26/pp122617-general-arrangements-to-borrow)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2017/12/26/pp122617-general-arrangements-to-borrow/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2017/12/26/pp122617-general-arrangements-to-borrow/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2017/12/26/pp122617-general-arrangements-to-borrow/bundle-manifest.json)

## Bibliographic details
- Published: December 26, 2017

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### Background
- "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.

### Renewal timeline and decision requirement
- 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.

### Key statements and implications
- The document serves as a summary of consultation outcomes regarding a possible renewal of the GAB decision.
- Core factual points to preserve:
  - Established: 1962
  - Participants: 11
  - Last renewal effective: December 2013
  - Renewal decision deadline: December 25, 2017

*Source: General Arrangements to Borrow, December 26, 2017, International Monetary Fund.*

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## Content in this bundle

- **Policy Paper**
  - [Policy Paper (Markdown version)](/-/media/files/publications/pp/2017/pp122617-general-arrangements-to-borrow.pdf.md){rel="alternate" type="text/markdown"}
  - [Policy Paper (PDF)](/-/media/files/publications/pp/2017/pp122617-general-arrangements-to-borrow.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2017/12/26/pp122617-general-arrangements-to-borrow_