The General Arrangements to Borrow
Summary:
This paper examines the role of the IMF’s first and longest-lasting borrowing arrangements, the General Arrangements to Borrow (GAB), from their inception in 1961–62 to their fundamental reform and enlargement in 1983. The General Arrangements were a product of the times. They were designed to help the IMF deal with growing strains in the par value system caused by the underlying balance-of-payments problems of the two major reserve centers, the United States and the United Kingdom. The General Arrangements were strengthened by the association of Switzerland, a nonmember of the IMF, in 1964.
Series:
Pamphlet Series, No. 41
Subject:
Commodities Credit Currencies Debt burden External debt Financial institutions Gold International monetary system Lines of credit Loans Money
Notes:
English version reprinted March 1986 and March 1995.
English
Publication Date:
September 15, 1984
ISBN/ISSN:
9781451981278/0538-8759
Stock No:
P041EA0000000
Pages:
100
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