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International Monetary Fund

Published online by Cambridge University Press:  22 May 2009

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Extract

The International Monetary Fund entered into a stand-by agreement with the government of Honduras authorizing drawings equivalent to $7.5 million for a one-year period. The arrangement was to serve as an assured secondary line of reserves to strengthen the country's international reserve position. The Fund entered into a stand-by arrangement authorizing the government of India to draw up to $100 million over the following year; this arrangement was made in support of India's reserve position, which had been under considerable strain in previous months.

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Type
International Organizations: Summary of Activities: II. Specialized Agencies
Copyright
Copyright © The IO Foundation 1962

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