BROWSE

General Agreements To Borrow (GAB)

What is 'General Agreements To Borrow - GAB'

A borrowing/lending medium for members of the Group of Ten. Members of the lending country deposit funds into the International Monetary Fund (IMF), which are made available to be withdrawn by the borrowing member in need. One of the advantages of this is that each country deals in their own currency, leaving all conversions to the IMF.

Explaining 'General Agreements To Borrow - GAB'

The Group of Ten is comprised of Japan, France, Germany, Sweden, The United Kingdom, Japan, Italy, Belgium, the Netherlands, the United States and Canada. Switzerland is the most recent member. They meet yearly to discuss political, financial and economic situations.


Further Reading


Global governance after the financial crisis: A new multilateralism or the last gasp of the great powers?
onlinelibrary.wiley.com [PDF]
… tiations with other high-income countries to augment the General Arrangements to Borrow … some sovereign borrowers include qualified-majority voting clauses in their loan agreements, creditors may … Imagine that Fund staff and management reach an agreement with the debtor's …

Instruments and techniques for financial cooperationInstruments and techniques for financial cooperation
books.google.com [PDF]
… tiations with other high-income countries to augment the General Arrangements to Borrow … some sovereign borrowers include qualified-majority voting clauses in their loan agreements, creditors may … Imagine that Fund staff and management reach an agreement with the debtor's …

Borrowing of the International Monetary Fund during the global financial and economic crisisBorrowing of the International Monetary Fund during the global financial and economic crisis
scindeks.ceon.rs [PDF]
… tiations with other high-income countries to augment the General Arrangements to Borrow … some sovereign borrowers include qualified-majority voting clauses in their loan agreements, creditors may … Imagine that Fund staff and management reach an agreement with the debtor's …


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