Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines
Download or Read eBook Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines PDF written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2020-02-13 with total page 60 pages. Available in PDF, EPUB and Kindle.
| Author | : International Monetary Fund. Finance Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 60 |
| Release | : 2020-02-13 |
| ISBN-10 | : 9781513530062 |
| ISBN-13 | : 1513530062 |
| Rating | : 4/5 (62 Downloads) |
Book Synopsis Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines by : International Monetary Fund. Finance Dept.
Book excerpt: 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extending from January 1, 2021 through end-2025; updating the NAB Decision as some provisions have become obsolete or outdated; and including a new provision in the NAB Decision limiting the activation of bilateral borrowing during the new NAB period.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.
