IMF Executive Board Approves Renewal of New Arrangements to Borrow

[RamblerNash]

IMF Executive Board Approves Renewal of New Arrangements to Borrow

November 11, 2016

The Executive Board of the International Monetary Fund (IMF) approved on November 4, 2016—without an Executive Board meeting [1] —the renewal of the New Arrangements to Borrow (NAB) for a five-year period starting November 17, 2017.

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.

http://www.imf.org/en/News/Articles/2016/11/11/PR16502-IMF-Executive-Board-Approves-Renewal-of-New-Arrangements-to-Borrow

[Terbo56]

They will be going down, eventually, for fraud, and crimes against humanity-Another 'Rothechilds' outfit, along with the 'World' bank....

[Kevind53]

You would have to accept that there is some sore of nefarious octopus like evil Rothchild clan pulling the strings behind the scene.