Borrowing Agreement with Banco de Portugal

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 093

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ISBN:

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Topics covered in this book

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Banks and Banking , Exports and Imports , Money and Monetary Policy , PP , fund , Banco de Portugal , agreement , amount , SDR , writing Banco de Portugal , SDR-denominated amount , fund member , Interest payments , Freely usable 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, and with a view to supporting the Fund's ability to provide timely and effective balance of payments assistance to its members, Banco de Portugal agrees to lend to the Fund an SDR-denominated amount up to the equivalent of EUR 1.06 billion, on the terms and conditions set out in this paper.