New Arrangements to Borrow


New Arrangements to Borrow

Also called the NAB. A collective agreement among 26 nations and financial institutions and the International Monetary Fund whereby the nations and institutions lend a certain amount of capital to the IMF. The IMF utilizes the funds of the NAB in case its normal funds fall short of its borrowers' needs. It was established following the Mexican economic crisis. See also: General Arrangements to Borrow.