Press Release No. 20/123

IMF Executive Board Approves Framework for New Bilateral Borrowing Agreements

• The IMF’s Executive Board has approved a framework for a new round of bilateral borrowing, to succeed agreements currently in place through end-2020.
• This action is part of a broader package on IMF resources and governance reform that will help maintain the IMF’s lending capacity of $1 trillion.
• These are critical steps to ensure that the IMF can support its membership through the global pandemic now unfolding and beyond.

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