IMF Executive Board Approves Renewal of New Arrangements to Borrow
The NAB are credit arrangements between the IMF and a group of members and institutions to provide supplementary resources of up to SDR 181 billion (about US\\$250 billion) to the IMF to forestall or cope with an impairment of the international monetary system or to deal with an exceptional situation that poses a threat to the stability of that system.
The NAB entered into effect on November 17, 1998 (see Press Release No. 98/57), and has been renewed continuously, with the current five-year NAB period ending on November 16, 2017. The approved renewal of the NAB, together with the IMF membership’s commitments to bilateral borrowing ( click here ) will help maintain the IMF’s lending capacity and provide confidence that the IMF will continue to address the needs of its membership.