Borrowing Agreement with the Government of the United Kingdom

Volume/Issue: Volume 2009 Issue 003

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Banks and Banking , Exports and Imports , Money and Monetary Policy , PP , agreement , Fund , maturity date , amount , business day , indebtedness to the United Kingdom , fund member , Freely usable currencies , Interest payments , Currencies

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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 Government of the United Kingdom, acting through Her Majesty's Treasury, agrees to lend to the Fund up to the equivalent of SDR 9.92 billion.