A Framework for the Fund's Issuance of Notes to the Official Sector

June 17, 2009

Preview Citation

Format: Chicago

A Framework for the Fund's Issuance of Notes to the Official Sector, (USA: International Monetary Fund, 0) accessed December 26, 2024

Summary

On July 1, 2009, the Executive Board of the International Monetary Fund discussed the Managing Director's proposal for a framework for issuing notes to the official sector. The framework approved by the Executive Board was adapted on the basis of these discussions, as reflected in supplement 2 of the paper. It enables members to invest in IMF paper under note purchase agreements approved by the Board, without any pre-specified limit on the cumulative amount committed under note purchase agreements. The actual issuance of notes will occur should the IMF need additional resources at the time of a loan disbursement to a member. The notes would have similar financial terms to the IMF’s recent bilateral borrowing agreements.

Subject: Article VII, Section 1(i), Borrowed resources use, Borrowing by Fund, External financing, Financial instruments, Fund approval proposed, Fund general resources, Holdings of Fund, New Arrangements to Borrow, Real sector

Publication Details

Pages:

---
Volume:

---
DOI:

---
Issue:

---
Series:

Policy Papers
Stock No:

---
ISBN:

---
ISSN:

---

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Policy Papers