Policy Papers

Note Purchase Agreement Between the People's Bank of China and the International Monetary Fund

September 2, 2009

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Note Purchase Agreement Between the People's Bank of China and the International Monetary Fund, (USA: International Monetary Fund, 0) accessed November 24, 2024

Summary

In light of the international effort to ensure the adequacy of the financial resources available to the Fund, and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance, particularly to developing and emerging market countries affected by the global financial crisis, the PBC agrees to purchase from the Fund promissory notes.

Subject: Article VII, Section 1(i), Borrowed resources use, Borrowing agreements, Borrowing by Fund, China, People's Republic of, Executive Board decisions, External financing, Fund general resources, Lapse of time approval, New Arrangements to Borrow, Real sector

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