General Arrangements to Borrow

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General Arrangements to Borrow

Also called the GAB. A collective agreement between the nations of the G-10 and the International Monetary Fund in which the G-10 members lend a certain amount of capital. The IMF utilizes the funds of the GAB when its normal funds fall short of its borrowers' needs. See also: New Arrangements to Borrow.
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The immediate commitment to increase IMF resources by up to $500 billion to $880 billion is comprised of total quotas and New Arrangement to Borrow (NAB) and General Arrangement to Borrow (GAB) plus new commitments including Japan's bilateral credit line of $100 billion.
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