Borrowing Agreement with Norges Bank

Policy Papers, May 29, 2009

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Borrowing Agreement with Norges Bank

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Bibliographic details

• Published: May 29, 2009
• Series: Policy Papers

Overview and purpose

• Presents for the approval of the Executive Board a draft borrowing agreement between Norges Bank and the Fund.
• On March 28, the Finance Minister of Norway announced that the Ministry of Finance and Norges Bank were exploring a possible Norwegian contribution of up to 30 billion Norwegian kroner (about US$4.5 billion or SDR 3 billion) of financial resources to the IMF.
• The stated purpose of the possible contribution is to support the Fund’s ability to provide timely and effective balance of payments assistance to its members in the current crisis.

Agreement status

• Staff and Norges Bank representatives have reached agreement on a draft borrowing agreement.
• The text of the draft borrowing agreement is set forth in the Attachment (“the Agreement”).

Key facts and metadata

• Publication title: Borrowing Agreement with Norges Bank
• Publication date on page: May 29, 2009
• Subjects listed: Borrowed resources use, Borrowing agreements, Borrowing by Fund, Central banks, Executive Board decisions, Lapse of time approval, Norway

Source: IMF — Borrowing Agreement with Norges Bank (web landing page).

Content in this bundle

• Borrowing Agreement with Norges Bank; IMF Policy Paper, May 29, 2009
  • Borrowing Agreement with Norges Bank; IMF Policy Paper, May 29, 2009 (Markdown version)
  • Borrowing Agreement with Norges Bank; IMF Policy Paper, May 29, 2009 (PDF)