New Arrangements to Borrow


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Related to New Arrangements to Borrow: General Agreement to Borrow

New Arrangements to Borrow

Also called the NAB. A collective agreement among 26 nations and financial institutions and the International Monetary Fund whereby the nations and institutions lend a certain amount of capital to the IMF. The IMF utilizes the funds of the NAB in case its normal funds fall short of its borrowers' needs. It was established following the Mexican economic crisis. See also: General Arrangements to Borrow.
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The G20 leaders agreed to make available immediately an additional US$250 billion for the IMF to lend, to be subsequently incorporated into a more flexible New Arrangements to Borrow (NAB), expanded by up to US$500 billion in total.
participation in the New Arrangements to Borrow and an increase in the U.
5 billion dollars for setting up the New Arrangements to Borrow, a new emergency credit line to be furnished by major contributors to the fund.

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