General Arrangements to Borrow

General Arrangements to Borrow
General Arrangements to Borrow ˌGeneral Arˌrangements to ˈBorrow noun [plural] FINANCE
an agreement between the Group of Ten countries and Switzerland, made in 1962 to provide loans to each other and to the IMF:

• The General Arrangement to Borrow facility was designed to meet serious balance-of-payment problems that could threaten the stability of the international monetary system.

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   ► See GAB.

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General Arrangements to Borrow UK US noun [plural] FINANCE, ECONOMICS, POLITICS
GAB(Cf. ↑GAB)

Financial and business terms. 2012.

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  • General Arrangements to Borrow —   [ dʒenərəl ə reɪndʒmənts tʊ bɔrəʊ, englisch], Abkürzung GAB, die Allgemeinen Kreditvereinbarungen …   Universal-Lexikon

  • general arrangements to borrow — GAB The special arrangements made by the Group of Ten (G10) to enable the International Monetary Fund to increase its lending to members of G10. They came into effect in 1962 and were augmented in 1983 when Switzerland, though not a member of the …   Big dictionary of business and management

  • General Arrangements to Borrow — ⇡ GAB …   Lexikon der Economics

  • General Arrangements to Borrow — /ˌdʒen(ə)rəl ə reɪndʒmənts tə bɒrəυ/ plural noun an agreement between members of the G10 group of countries, by which members make funds available to the IMF to cover loans which it makes. Abbreviation GAB …   Dictionary of banking and finance

  • international payment and exchange — ▪ economics Introduction international exchange also called  foreign exchange        respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …   Universalium

  • GAB — FINANCE written abbreviation for General Arrangements to Borrow * * *    General Arrangements to Borrow. An agreement between the G10 nations to provide special credits to the IMF. The GAB needs the collective agreement of its members to be… …   Financial and business terms

  • NAB —    New Arrangements to Borrow. A credit line to the IMF arranged by 25 members and institutions following the Mexican financial crisis in 1994, to provide supplementary resources to protect the international monetary system. The NAB will be… …   Financial and business terms

  • GAB — Abk. für General Arrangements to Borrow; Verträge zwischen dem ⇡ IWF und elf Mitgliedsländern bzw. deren Zentralbanken, gemäß denen der IWF sich bei Bedarf, zu marktbezogenen Zinssätzen erhebliche Währungsbeträge zur Verwendung im Rahmen seiner… …   Lexikon der Economics

  • NAB — Abk. für New Arrangements to Borrow; Verträge zwischen dem ⇡ IWF und 26 Mitgliedsländern bzw. deren Zentralbanken, unter denen diese dem IWF Kreditlinien zum Einsatz im Rahmen seiner Kreditprogramme mit Mitgliedsländern zur Verfügung stellen. Die …   Lexikon der Economics

  • Group of Ten (economic) — The Group of Ten or G10 refers to the group of countries that have agreed to participate in the General Arrangements to Borrow (GAB). The GAB was established in 1962, when the governments of eight International Monetary Fund (IMF) members… …   Wikipedia

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