Borrowing Agreement with National Bank of Belgium

Volume/Issue: Volume 2010 Issue 108

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Topics covered in this book

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Business and Economics , Banks and Banking , Exports and Imports , Money and Monetary Policy , PP , fund , SDR , amount , maturity date , fund member , fund's indebtedness , SDR-denominated amount , Interest payments , Freely usable currencies , Exchange rate arrangements

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Summary

In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund, and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance to its members, the National Bank of Belgium agrees to lend to the Fund an SDR denominated amount up to the equivalent of EUR 4.74 billion, on the terms and conditions set out in this policy paper.