IMF board renews New Arrangements to BorrowStaff Writer | November 12, 2016
The executive board of the International Monetary Fund (IMF) renewed its $250 billion New Arrangements to Borrow (NAB) for another five years.
Financing The renewal of the NAB starting November
The NAB are credit arrangements between the IMF and a group of members and institutions to provide supplementary resources to the IMF to deal with an exceptional situation that poses a threat to the stability of that system.
The NAB came into effect on November, 1998. It has been renewed continuously for five years. ■