Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines

February 13, 2020

Preview Citation

Format: Chicago

Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines, (USA: International Monetary Fund, 2020) accessed December 22, 2024

Summary

This paper presents a proposal for reforming the NAB with a doubling of the aggregate size of the NAB and amendments to the NAB Decision. The proposal contains the following key elements: doubling the aggregate size of NAB credit arrangements, through a doubling of all current NAB credit arrangements; establishing a new NAB period, extending from January 1, 2021 through end-2025; updating the NAB Decision as some provisions have become obsolete or outdated; and including a new provision in the NAB Decision limiting the activation of bilateral borrowing during the new NAB period. The paper also proposes a 6-month extension of the deadline for the review of the Guidelines for Borrowing by the Fund to end-June 2020.

Subject: Credit, Money

Keywords: Credit, Credit arrangement, Global, NAB activation condition, NAB increase, NAB obligation, NAB participant, NAB reform, NAB renewal decision, PP

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2020/006
Stock No:

PPEA2020006
ISBN:

9781513530062
ISSN:

2663-3493

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