International Monetary Fund

Anonymous

International Organization, 1962, vol. 16, issue 4, 876-878

Abstract: 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.

Date: 1962
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