How many countries have been undertaken to lend to IMF if there is need to cope with an impairment of the International monetary system?Select one:a.11b.50c.15d.20
Question
How many countries have been undertaken to lend to IMF if there is need to cope with an impairment of the International monetary system?Select one:a.11b.50c.15d.20
Solution
The answer is a. 11. These countries are known as the New Arrangements to Borrow (NAB) participants who have agreed to lend to the IMF. The NAB is a set of credit arrangements between the IMF and a group of 38 member countries and institutions, including a number of emerging market countries. However, only 11 of these are considered major economies, which are: the United States, Japan, Germany, France, the UK, Italy, Canada, China, India, Brazil, and Russia.
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