Dictionary of Banking Terms: General Agreements To Borrow (GAB)
General Agreements To Borrow (GAB)
arrangements, whereby members of the group of tencountries make loans to the International Monetary Fund (IMF) in their own currencies to finance drawings by a member of the G-10 group. Switzerland has also joined in the accord. The G-10 countries, and Switzerland, have since decided to make the GAB funding commitment available to all members of the IMF.
