27.06.2018, 01:47

IMF Completes Extension of Access to Bilateral Borrowed Resources Until End-2019/20

Source: IMF

OREANDA-NEWS. June 27, 2018. Total commitments under the 2016 borrowing framework amount to about SDR 316 billion (US$450 billion) from 40 members, including all 35 members that previously committed bilateral resources to the IMF under the 2012 borrowing framework, and 5 new creditors. Pursuant to these commitments, the IMF’s Executive Board has approved borrowing agreements with all 40 creditors, of which 39 agreements are now effective. The resources available under effective agreements amount to approximately SDR 314 billion. The 2016 borrowing framework has maximum terms through end-2020.

Information on the borrowing agreements by individual countries is available at respective country page and through the IMF Financial Data Query Tool at the IMF website. Where individual creditors have consented to publication of their signed borrowing agreement, the text of the agreement is also made available.

2016 Borrowing Agreements
Member (Creditor)		Agreed
Member (Creditor)		Currency	Amount (in billions of currency)
Algeria (Bank of Algeria)	Link	USD	5
Australia	Link	SDR	4.61
Austria (Oesterreichische Nationalbank)	Link	EUR	6.13
Belgium (National Bank of Belgium)	Link	EUR	9.99
Brazil (Banco Central do Brasil)	Link	USD	10
Brunei Darussalam	Link	USD	0.3
Canada	Link	SDR	8.2
Chile (Central Bank of Chile)	Link	SDR	0.96
China (People's Bank of China)	Link	USD	43
Czech Republic (Czech National Bank) 1/		EUR	1.5
Denmark (Danmarks Nationalbank)	Link	EUR	5.3
Finland (Bank of Finland)	Link	EUR	3.76
France	Link	EUR	31.4
Germany (Deutsche Bundesbank)	Link	EUR	41.5
India (Reserve Bank of India)	Link	USD	10
Italy (Bank of Italy)	Link	EUR	23.48
Japan	Link	USD	60
Korea	Link	USD	15
Luxembourg	Link	EUR	2.06
Malaysia (Bank Negara Malaysia)	Link	USD	1
Malta (Central Bank of Malta)	Link	EUR	0.26
Mexico (Banco de Mexico)	Link	USD	10
Netherlands (De Nederlandsche Bank NV)	Link	EUR	13.61
New Zealand	Link	USD	1
Norway (Norges Bank)	Link	SDR	6
Peru (Central Reserve Bank of Peru)	Link	SDR	1.1
Philippines (Bangko Sentral ng Pilipinas)	Link	USD	1
Poland (Narodowy Bank Polski)	Link	EUR	6.27
Russia (Central Bank of the Russian Federation)	Link	USD	10
Saudi Arabia	Link	USD	15
Singapore (Monetary Authority of Singapore)	Link	USD	4
Slovak Republic	Link	EUR	1.56
Slovenia (Bank of Slovenia)	Link	EUR	0.91
South Africa (South African Reserve Bank)	Link	USD	2
Spain	Link	EUR	14.86
Sweden (Sveriges Riksbank)	Link	SDR	7.4
Switzerland (Swiss National Bank)	Link	CHF	8.5
Thailand (Bank of Thailand)	Link	USD	4
Turkey (Central Bank of the Republic of Turkey)	Link	USD	5
United Kingdom	Link	SDR	9.17822