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.
References in periodicals archive ?
The IMF will be able to access these credit lines only once quota resources and the New Arrangements to Borrow (NAB) have been largely exhausted.
These agreements, set to expire starting October 12, have not been drawn but have played a critical role as a third line of defense, after quotas and the New Arrangements to Borrow (NAB), in providing assurance to members and markets that the IMF has adequate resources to meet potential needs.
The 2012 Borrowing Agreements are designed as a second line of defense after quota and New Arrangements to Borrow (NAB) resources and have so far not been activated for use in financing operations.

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