https://www.taxtmi.com/news?id=13994 Establishment of a multilateral bank to mobilise resources for infrastructure and sustainable development, with its Articles of Agreement conferring the force of law on member commitments and specifying privileges and immunities; operations begin after deposit of instruments of ratification. A Contingent Reserve Arrangement will provide short-term liquidity support via currency swaps to mitigate balance-of-payments pressures, complement existing international arrangements, and requires an Inter-Central Bank Agreement and Standing Committee procedures before becoming operational. en-us Thu, 26 Feb 2015 11:13:19 +0530 Thu, 26 Feb 2015 11:13:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13994 Establishment of a multilateral bank to mobilise resources for infrastructure and sustainable development, with its Articles of Agreement conferring the force of law on member commitments and specifying privileges and immunities; operations begin after deposit of instruments of ratification. A Contingent Reserve Arrangement will provide short-term liquidity support via currency swaps to mitigate balance-of-payments pressures, complement existing international arrangements, and requires an Inter-Central Bank Agreement and Standing Committee procedures before becoming operational. News - Thu, 26 Feb 2015 11:13:19 +0530 https://www.taxtmi.com/news?id=13994