Order in international Finance, the promotion of IMF Stand-By Arrangements, and the Drafting of Priv Loan Agreements
This paper discusses the promotion of IMF Stand-By Arrangements (SBAs), the drafting of private loan agreements, and order in international finance. The IMF approves a SBA or an extended arrangement for the benefit of a member country of the IMF only if the member presents to the IMF a letter of int...
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| Format: | eBook |
| Language: | English |
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Washington, D.C.
International Monetary Fund
1982
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| Series: | Pamphlet Series
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| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| Summary: | This paper discusses the promotion of IMF Stand-By Arrangements (SBAs), the drafting of private loan agreements, and order in international finance. The IMF approves a SBA or an extended arrangement for the benefit of a member country of the IMF only if the member presents to the IMF a letter of intent in which it sets forth a program of financial and economic adjustment that is likely to solve a present, or to fend off a possible balance-of-payments or reserve problem. A purchase is made in return for the purchasing member’s currency. An extended arrangement is a variant that is in use for the purposes of a particular policy of the IMF. |
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| Physical Description: | 64 pages |
| ISBN: | 9781451965025 |