Borrowing Agreement with Banca d'Italia

Volume/Issue: Volume 2011 Issue 082

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Banks and Banking , Exports and Imports , Money and Monetary Policy , PP , agreement , amount , writing Banca d'Italia , Banca d'Italia's claim , SDR-denominated amount , fund's indebtedness to Banca d'Italia , Freely usable currencies , Interest payments , Currencies , Exchange rate arrangements

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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 (the "Fund"), and with a view to supporting the Fund's ability to provide timely and effective balance of payments assistance to its members, Banca d’Italia agrees to lend to the Fund an SDR-denominated amount up to the equivalent of EUR 8.11 billion, on the terms and conditions set out below...