English version

General Arrangements to Borrow

From Longman Business DictionaryGeneral Arrangements to BorrowˌGeneral Arˌrangements to ˈBorrow noun [plural]FINANCE an agreement between the GROUP OF TEN countries and Switzerland, made in 1962 to provide loans to each other and to the IMFThe General Arrangement to Borrow facility was designed to stop balance-of-payment problems threatening the stability of the international monetary system.
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