Numbers & Statistics

Terms Extended by an Additional Year to End-2020

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Via IMF (Den Internationale Valutafond)

The terms of the 2016 Borrowing Agreements between the IMF and 40
members are now effective through end-2020, following approval by the
IMF Executive Board and consents from all 40 creditors to a one-year
extension of the terms of their respective agreements.

The extension of terms preserves the IMF’s overall lending capacity of
about US$1 trillion for an additional year and is a prudent step to
provide confidence to members and markets that the Fund continues to
have adequate resources to meet the potential needs of the membership.
This step is part of a broader package of actions on IMF resources and
governance reform—including support for maintaining the IMF’s current
resource envelope and considering a doubling of the New Arrangements to
Borrow (NAB) and a further temporary round of bilateral borrowing
beyond 2020—

endorsed by the IMF membership

at the 2019 Annual Meetings.

The IMF has entered into several rounds of bilateral borrowing
agreements over the past decade to supplement its quota and NAB
resources and meet the potential financing needs of its members. In
2016, in view of continued uncertainty in the global economy, the
membership committed to maintain access to bilateral borrowing, as a
third line of defense (after quota and NAB resources) and under a
revised governance framework, with an initial term through the end of
2019, extendable for a further year by the Executive Board and with
creditors’ consents. Total commitments under the 2016 borrowing
framework from 40 members amount to about SDR 318 billion (US$433
billion) at end-September 2019 exchange rates.

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Information on the borrowing agreements with individual countries is
available in the table below, as well as via the

IMF Financial Data Query Tool

and individual IMF country pages.


2016 Borrowing Agreements

Member (Creditor)

Agreed

Currency

Amount

(in billions of currency)

Algeria (Bank of Algeria)

USD

5

Australia

SDR

4.61

Austria (Oesterreichische Nationalbank)

EUR

6.13

Belgium (National Bank of Belgium)

EUR

9.99

Brazil (Banco Central do Brasil)

USD

10

Brunei Darussalam

USD

0.3

Canada

SDR

8.2

Chile (Central Bank of Chile)

SDR

0.96

China (People’s Bank of China)

USD

43

Czech Republic (Czech National Bank)

EUR

1.5

Denmark (Danmarks Nationalbank)

EUR

5.3

Finland (Bank of Finland)

EUR

3.76

France

EUR

31.4

Germany (Deutsche Bundesbank)

EUR

41.5

India (Reserve Bank of India)

USD

10

Italy (Bank of Italy)

EUR

23.48

Japan

USD

60

Korea

USD

15

Luxembourg

EUR

2.06

Malaysia (Bank Negara Malaysia)

USD

1

Malta (Central Bank of Malta)

EUR

0.26

Mexico (Banco de Mexico)

USD

10

Netherlands (De Nederlandsche Bank NV)

EUR

13.61

New Zealand

USD

1

Norway (Norges Bank)

SDR

6

Peru (Central Reserve Bank of Peru)

SDR

1.1

Philippines (Bangko Sentral ng Pilipinas)

USD

1

Poland (Narodowy Bank Polski)

EUR

6.27

Russia (Central Bank of the Russian Federation)

USD

10

Saudi Arabia

USD

15

Singapore (Monetary Authority of Singapore)

USD

4

Slovak Republic

EUR

1.56

Slovenia (Bank of Slovenia)

EUR

0.91

South Africa (South African Reserve Bank)

USD

2

Spain

EUR

14.86

Sweden (Sveriges Riksbank)

SDR

7.4

Switzerland (Swiss National Bank)

CHF

8.5

Thailand (Bank of Thailand)

USD

4

Turkey (Central Bank of the Republic of Turkey)

USD

5

United Kingdom

SDR

9.1782

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Useful Links:

Communiqué of the Fortieth Meeting of the International
Monetary and Financial Committee (IMFC)



Press Release: IMF Membership Endorses Package on IMF Resources and
Governance Reform



Press Release: The International Monetary Fund Successfully
Completes the Extension of Access to Bilateral Borrowed Resources
Until End-2019/20



Guidelines for Borrowing by the Fund



Factsheet: Where the IMF Gets Its Money


Q and A on IMF Bilateral Borrowing Agreements



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