A Framework for the Fund's Issuance of Notes to the Official Sector

A Framework for the Fund's Issuance of Notes to the Official Sector
Author :
Publisher : International Monetary Fund
Total Pages : 29
Release :
ISBN-10 : 9781498335881
ISBN-13 : 1498335888
Rating : 4/5 (81 Downloads)

Book Synopsis A Framework for the Fund's Issuance of Notes to the Official Sector by : International Monetary Fund. Finance Dept.

Download or read book A Framework for the Fund's Issuance of Notes to the Official Sector written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2009-06-17 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: On July 1, 2009, the Executive Board of the International Monetary Fund discussed the Managing Director's proposal for a framework for issuing notes to the official sector. The framework approved by the Executive Board was adapted on the basis of these discussions, as reflected in supplement 2 of the paper. It enables members to invest in IMF paper under note purchase agreements approved by the Board, without any pre-specified limit on the cumulative amount committed under note purchase agreements. The actual issuance of notes will occur should the IMF need additional resources at the time of a loan disbursement to a member. The notes would have similar financial terms to the IMF’s recent bilateral borrowing agreements.


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