Liquidity Facilities and Currency Swap Arrangements of the BRICS New Development Bank

Conditions for Accessing Short-Term Facilities

If an applicant country meets the following conditions, it may access short-term liquidity facilities or currency swap arrangements with a maturity of 6 to 12 months, renewable upon approval:

No Overdue Debt

The applicant country must not have any overdue debt to multilateral and regional financial institutions, including the New Development Bank.

Submission of Financial Documentation

The applicant country is required to provide the economic and financial documents and information requested by the Bank.

Compliance with the International Monetary Fund

The country must be in compliance with the surveillance requirements and information obligations of the International Monetary Fund.

No Arrears to Other Member States

The applicant must not have any overdue debt to other member states or their public financial institutions.

Advantages of Currency Swap Facilities

These facilities enable member countries to manage their short-term liquidity needs and, through the use of currency swap instruments, strengthen their financial and exchange rate stability.