FY2025–FY2027 Medium-Term Budget
FY2025–FY2027 Medium-Term Budget

Author: International Monetary Fund. Office of Budget and Planning

Publisher: International Monetary Fund

Published: 2024-05-10

Total Pages: 63

ISBN-13:

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The Executive Board of the International Monetary Fund approved the 2025-27 financial years (FY25-27) medium-term budget. While the global economy has shown resilience to successive adverse shocks, the overall global economic context remains complex with slow and uneven growth, increased fragmentation, deepening divergence, and still high interest rates despite easing inflationary pressures. Against this backdrop, the FY25-27 budget continues to be guided by principles of agility and budget discipline, reinforced by ongoing reprioritization and savings capture. It also builds on strong cooperation with other institutions, ensuring the Fund continues to focus on areas within its mandate, even as it addresses new demands. Work to strengthen internal operations also continue, focusing on both efficiency and effectiveness in meeting changing needs in the post-pandemic workplace, where rapid technological changes are underway. With significant demands within a constrained budget environment, the budget reflects difficult tradeoffs.

Review of the Fund’s Income Position for FY 2024 and FY 2025-2026
Review of the Fund’s Income Position for FY 2024 and FY 2025-2026

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2024-05-10

Total Pages: 49

ISBN-13:

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This paper updates the projections of the Fund’s income position for FY 2024 and FY 2025-2026 and proposes related decisions for the current and the following financial years. The paper also includes a proposed decision to keep the margin for the rate of charge unchanged until completion of the review of surcharges, but until no later than end FY 2025, at which time the Board would set the margin for the rest of FY 2025 and FY 2026. The Fund’s overall net income for FY 2024 is projected at about SDR 4.4 billion after taking into account pension-related remeasurement gain and estimated retained investment income of the Endowment Account.

FY 2021-FY 2023 Medium-Term Budget
FY 2021-FY 2023 Medium-Term Budget

Author: International Monetary Fund. Office of Budget and Planning

Publisher: International Monetary Fund

Published: 2020-05-29

Total Pages: 92

ISBN-13: 1513545817

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On April 27, 2020, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for financial year (FY) 2021, beginning May 1, 2020, and took note of indicative budgets for FY 2022–23.

Tonga
Tonga

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2022-08-26

Total Pages: 84

ISBN-13:

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Tonga’s nascent economic recovery following Tropical Cyclone Harold and border closures in early 2020 has been severely disrupted by a double blow from the Hunga Tonga–Hunga Haʻapai volcanic eruption and the first local outbreak of COVID-19 at the start of 2022. The authorities are augmenting reconstruction and restoration efforts, with support from the international community. Real GDP is projected to contract by 1.9 percent in FY2022 (July 2021–June 2022), before rebounding by 3.2 percent in FY2023 with a gradual reopening of international borders.

Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji
Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-12-03

Total Pages: 66

ISBN-13: 1616356146

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Fiji has been among the hardest hit by the pandemic—with infection rates at one point among the highest in the world. Despite swift action by the government to close borders, protect the population, and mitigate the worst economic effects, the economic contraction was the worst in Fiji’s history. The crisis has come at a heavy social cost, including large-scale layoffs, surging unemployment, and high non-performing loans. Multilateral and bilateral support has been critical in helping Fiji weather the worst of the crisis and has facilitated a strong government response—including rapid acceleration of the government vaccination program underpinning Fiji’s reopening to international tourism.

Republic of Palau
Republic of Palau

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2023-12-21

Total Pages: 81

ISBN-13:

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Palau has emerged from the pandemic with significant output loss, elevated public debt and historically high inflation. Adverse demographic trends, high dependence on tourism and external support, and vulnerability to climate change risks raise vulnerabilities. The authorities successfully enacted a fiscal responsibility framework and modernized the tax system. A new Compact Review Agreement (CRA-23), with better financial terms, is awaiting approval by US Congress.

Author:

Publisher: International Monetary Fund

Published:

Total Pages: 26

ISBN-13:

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Jamaica
Jamaica

Author: International Monetary Fund. Western Hemisphere Dept.

Publisher: International Monetary Fund

Published: 2024-08-30

Total Pages: 75

ISBN-13:

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Supported by strong policy frameworks, Jamaica has managed to respond to recent global shocks prudently. Policies have supported the economy while still reducing public debt and inflation. Growth has been solid, the external position has strengthened, and the economic outlook remains a positive one. The latter is still exposed to risks from a global growth deceleration, tighter than expected global financial conditions, commodity price volatility, and natural disasters.

Tonga
Tonga

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2023-11-03

Total Pages: 74

ISBN-13:

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The Tongan economy is performing strongly, underpinned by resilient remittance inflows and major reconstruction activities following the Hunga Tonga–Hunga Haʻapai (HTHH) volcanic eruption in January 2022. However, supply-side constraints resulting from severe labor shortages and damaged tourism facilities are impeding the recovery and have intensified inflation pressures. In this context, the authorities are confronting a challenging tradeoff between supporting reconstruction and managing inflation in the short term. In the long term, Tonga's high vulnerability to natural disasters complicates its efforts to create the fiscal space necessary to finance development spending.

Fiscal Policies for Paris Climate Strategies—from Principle to Practice
Fiscal Policies for Paris Climate Strategies—from Principle to Practice

Author: International Monetary Fund. Fiscal Affairs Dept.

Publisher: International Monetary Fund

Published: 2019-05-01

Total Pages: 109

ISBN-13: 1498311717

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This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options.