Staff at the International Monetary Fund (IMF) have proposed renewing a key borrowing tool for a further five years, even though it is being scaled down.

A policy paper published on September 13 sets out staff views on the new arrangements to borrow (NAB), a pool of additional funding the IMF can draw upon when needed.

The NAB needs to be renewed every five years. The fund’s executive board must approve the next extension by the end of this year, to take effect on January 1, 2026.

The NAB is

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