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Definition: General Arrangements to Borrow
Category: 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. http://www.imf.org/external/np/exr/glossary/showTerm.asp
Source:
International Monetary Fund (IMF), "Online glossary of selected financial terms" (as per March 15th, 2008), International Monetary Fund, Washington D.C., 2008
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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