Definition: General Arrangements to Borrow
IMF terminology
Long-standing arrangements under which 11 industrial countries stand ready to lend to the International Monetary Fund (IMF) to finance purchases (drawings) that aim at forestalling or coping with a situation that could impair the international monetary system.
Source:
International Monetary Fund (IMF), "Online glossary of selected financial terms" (as per March 15th, 2008), International Monetary Fund, Washington D.C., 2008
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