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**LottiFurmann** · 07-08-2012, 01:10 AM

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the loans will be activated only when the IMF's existing resources fall below a critical level, and a request is made by the IMF. Any such loan to the IMF will be part of a country's Official Foreign Reserves (OFR), as the IMF is obliged to immediately repay the loan in the event that a country has a balance of payments need. The MAS loan will therefore remain in the OFR and not lead to a reduction in the reserves. Neither will any money come out of the Government Budget.

07-08-2012, 01:10 AM	#13
LottiFurmann Join Date Jan 2008 Posts 4,494 Senior Member	Read the loans will be activated only when the IMF's existing resources fall below a critical level, and a request is made by the IMF. Any such loan to the IMF will be part of a country's Official Foreign Reserves (OFR), as the IMF is obliged to immediately repay the loan in the event that a country has a balance of payments need. The MAS loan will therefore remain in the OFR and not lead to a reduction in the reserves. Neither will any money come out of the Government Budget.
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