Rollback of Credit Arrangements in the New Arrangements to Borrow PDF Download
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Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 13
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Book Description
This paper presents a proposal for aggregate reduction of the New Arrangements to Borrow (NAB) by 16.8 percent (SDR 61.3 billion), while broadly preserving relative shares of NAB participants, in line with guidance by the BoG Resolution No. 79-1 on the Sixteenth General Review of Quotas (adopted on December 15, 2023). The objective is to maintain the Fund’s lending capacity as a result of the proposed 50 percent quota increases, conditional on a reduction (“rollback”) in the NAB credit arrangements and taking into account also the expiration of the 2020 Bilateral Borrowing Agreements. Changes in NAB credit arrangements require high levels of support from NAB participants. A safeguard mechanism allows the rollback to become effective provided that participants representing at least 90 percent of credit arrangements have consented to this proposal. The effectiveness of the rollback of NAB credit arrangements would be tied to the effectiveness of the quota increases under the Sixteenth General Review of Quotas.
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 13
Get Book Here
Book Description
This paper presents a proposal for aggregate reduction of the New Arrangements to Borrow (NAB) by 16.8 percent (SDR 61.3 billion), while broadly preserving relative shares of NAB participants, in line with guidance by the BoG Resolution No. 79-1 on the Sixteenth General Review of Quotas (adopted on December 15, 2023). The objective is to maintain the Fund’s lending capacity as a result of the proposed 50 percent quota increases, conditional on a reduction (“rollback”) in the NAB credit arrangements and taking into account also the expiration of the 2020 Bilateral Borrowing Agreements. Changes in NAB credit arrangements require high levels of support from NAB participants. A safeguard mechanism allows the rollback to become effective provided that participants representing at least 90 percent of credit arrangements have consented to this proposal. The effectiveness of the rollback of NAB credit arrangements would be tied to the effectiveness of the quota increases under the Sixteenth General Review of Quotas.
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498345166
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
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, with the current period set to expire on November 16, 2017. The NAB Decision was last renewed for a five-year period in November 2012. 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, 2016.1 Once a decision on renewal is taken, the new NAB period would become effective on November 17, 2017. 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.
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1475595999
Category : Business & Economics
Languages : en
Pages : 1048
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Book Description
This volume documents decisions, interpretations, and resolutions of the Executive Board and Board of Governors of the International Monetary Fund, as well as documents relating to the United Nations and other international organizations.
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1513581872
Category : Business & Economics
Languages : en
Pages : 1026
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Book Description
This volume documents decisions, interpretations, and resolutions of the Executive Board and Board of Governors of the International Monetary Fund, as well as documents relating to the United Nations and other international organizations.
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1513557521
Category : Business & Economics
Languages : en
Pages : 907
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Book Description
This volume is the Forty-First Issue of Selected Decisions and Selected Documents of the IMF. It includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents, to which frequent reference is made in the current activities of the IMF. In addition, it includes certain documents relating to the IMF, the United Nations, and other international organizations. As with other recent issues, the number of decisions in force continues to increase, with the decision format tending to be longer given the use of summings up in lieu of formal decisions. Accordingly, it has become necessary to delete certain decisions that were included in earlier issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions. Wherever reference is made in these decisions and documents to a provision of the IMF’s Articles of Agreement or Rules and Regulations that has subsequently been renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision currently in effect is cited in a footnote.
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1498302858
Category : Business & Economics
Languages : en
Pages : 1088
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Book Description
The Thirty-Seventh Issue of Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the International Monetary Fund, as well as selected documents to which frequent reference is made in the current activities of the Fund. In addition, it includes documents relating to the IMF, the United Nations, and other international organizations.
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1498318983
Category : Business & Economics
Languages : en
Pages : 854
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Book Description
This volume is the Fortieth Issue of Selected Decisions and Selected Documents of the IMF. It includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents, to which frequent reference is made in the current activities of the IMF. In addition, it includes certain documents relating to the IMF, the United Nations, and other international organizations. As with other recent issues, the number of decisions in force continues to increase, with the decision format tending to be longer given the use of summings up in lieu of formal decisions. Accordingly, it has become necessary to delete certain decisions that were included in earlier issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions. Wherever reference is made in these decisions and documents to a provision of the IMF’s Articles of Agreement or Rules and Regulations that has subsequently been renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision currently in effect is cited in a footnote.
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1484358147
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
IMF Financial Operations 2014 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and also provides background detail of the financial statements for the IMF’s activities during the most recent financial year. This publication updates a previous report entitled Financial Organization and Operations of the IMF, first published in 1986 and last issued in 2001 (the sixth edition). That 2001 report reflected the seismic shifts in the global economy and in the IMF’s structure and operations that occurred after the fall of the Soviet Union and the various currency and financial crises of the 1990s. This revised and updated report covers more recent developments, including measures taken in response to the global financial crisis of 2007-09 and the institutional reforms aimed at ensuring that the IMF’s governance structure evolves in line with developments in the global economy, as well as reforms to the IMF’s income model.
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498336590
Category : Business & Economics
Languages : en
Pages : 63
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Book Description
This paper sets out, and seeks to make operational, a core package for the consideration of the Executive Board and, subsequently, the Board of Governors. The reforms would lead to a major overhaul of the Fund’s quotas and governance, strengthening the Fund’s legitimacy and effectiveness. The paper proposes completion of the 14th General Review of Quotas with a doubling of quotas and a major realignment of quota shares among members. It also covers proposals that would lead to a more representative, all-elected Executive Board.
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1475551851
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
IMF Financial Operations 2016 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and also provides background detail of the financial statements for the IMF's activities during the most recent financial year. This publication (currently in its third edition) updates a previous report entitled Financial Organization and Operations of the IMF, first published in 1986 and last issued in 2001 (the sixth edition). That 2001 report reflected the seismic shifts in the global economy and in the IMF's structure and operations that occurred after the fall of the Soviet Union and the various currency and financial crises of the 1990s. This revised and updated report covers more recent developments, including reform of the IMF’s income model, measures taken in response to the global financial crisis of 2007–09, and the institutional reforms aimed at ensuring that the IMF's governance structure evolves in line with developments in the global economy.
