Definition: New Arrangements to Borrow
IMF terminology
Arrangements, which became effective in 1998, under which 25 member countries or their financial institutions stand ready to lend to the International Monetary Fund (IMF) under circumstances similar to those covered by the General Arrangements to Borrow (GAB). The NAB do not replace the GAB but are to be the first and principal recourse in the event of a need to provide supplementary resources to the IMF.
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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