Review of the Fund's Income Position for FY 2011 and FY 2012

Review of the Fund's Income Position for FY 2011 and FY 2012

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2011-07-04

Total Pages: 40

ISBN-13: 1498339050

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This paper reviews the Fund’s income position for FY 2011 and FY 2012. The paper updates projections provided at the FY 2011 midyear review and sets out related proposed decisions for the current and next financial years. A companion paper provides an update on the consolidated medium-term income and expenditure framework.


Review of the Fund's Income Position for FY 2012 and FY 2013-14

Review of the Fund's Income Position for FY 2012 and FY 2013-14

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2012-12-04

Total Pages: 40

ISBN-13: 1498340709

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This paper reviews the Fund’s income position for FY 2012 and FY 2013?14.1 The paper updates projections provided at the FY 2012 midyear review and proposes decisions for the current and next two financial years. These decisions include setting the margin for the rate of charge under the new Rule I-6(4) that the Executive Board adopted in December 2011.2 The new rule is based on principles endorsed by the Executive Board in April 2008 and that have guided decisions on setting the margin since FY 2009. Section II reviews the FY 2012 income position and main changes from the midyear projections; Section III makes proposals on the disposition of net income, and placement to reserves; Section IV discusses the margin on the rate of charge for FY 2013?14, the income outlook for that period, and projected burden sharing adjustments; and Section V reviews special charges.


Review of the Fund’s Income Position for FY 2010 and FY 2011

Review of the Fund’s Income Position for FY 2010 and FY 2011

Author: International Monetary Fund. Strategy, Policy, & Review Department

Publisher: International Monetary Fund

Published: 2010-04-23

Total Pages: 39

ISBN-13: 149833752X

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Securing the recovery. The global recovery has been better than expected. The WEO projections see global output expanding by about 41⁄4 percent in 2010 and 2011. Extraordinary and coordinated policy intervention since the crisis has all but eliminated the risk of another Great Depression, laying the foundation for recovery. Nevertheless, the recovery is proceeding at varying speeds—it is tepid and policy-dependent in many advanced economies, but solid in most emerging and developing economies.


The Fund's Income Position for FY 2012 - Actual Outcome

The Fund's Income Position for FY 2012 - Actual Outcome

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2012-08-30

Total Pages: 5

ISBN-13: 1498339921

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This paper presents the Fund’s net income for FY 2012. The actual outcome reported in this paper follows the closing of the Fund’s accounts for the financial year and completion of the FY 2012 external audit conducted by Deloitte & Touche, the Fund’s external auditor.


Review of the Fund's Income Position for FY 2009 and FY 2010

Review of the Fund's Income Position for FY 2009 and FY 2010

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2009-04-14

Total Pages: 33

ISBN-13: 1498336078

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This paper reviews the Fund’s income position for FY 2009 and FY 2010. The proposals build on previous discussions relating to implementation of the new income model, the framework for accumulating precautionary balances, and the recent reform of the Fund’s lending toolkit. The paper is structured as follows: Section II reviews the income position for FY 2009 and explains the main changes from the projections at the midyear review; Section III makes proposals that pertain to the FY 2009 income position, including the disposition of investment income, the overall income position of the General Resources Account (GRA), and the annual reimbursement of the GRA for the expenses of conducting the business of the SDR Department and the MDRI-I Trust; Section IV reviews the FY 2010 income outlook, including the margin for the rate of charge; Section V reviews the burden sharing mechanism; and Section VI reviews special charges.


Review of the Fund's Income Position for FY 2014 and FY 2015-2016

Review of the Fund's Income Position for FY 2014 and FY 2015-2016

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2014-07-04

Total Pages: 48

ISBN-13: 1498343511

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FY 2014 net income, including surcharges, is projected at SDR 2.7 billion. Lending income remains high, while investment income continues to be constrained by the historically low global interest rates.


Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Sixth Issue

Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Sixth Issue

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2012-06-30

Total Pages: 1074

ISBN-13: 1475549717

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The Thirty-Sixth Issue of Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents relevant to the current activities of the Fund.


The Fund's Income Position for FY 2013 - Midyear Update

The Fund's Income Position for FY 2013 - Midyear Update

Author: International Monetary Fund. Legal Dept.

Publisher: International Monetary Fund

Published: 2012-12-21

Total Pages: 8

ISBN-13: 1498339530

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This paper presents updated projections on the Fund’s FY 2013 income position. The projected net income is now SDR 2.1 billion, slightly lower than the earlier projection of SDR 2.3 billion at the beginning of the year. The changes reflect lower projected disbursements under approved arrangements owing to delays in scheduled drawings and arrangements expected to expire with substantial undrawn balances, the expectation that funding of the gold endowment will not begin until FY 2014, and lower implicit returns on the Fund’s interest-free resources due to the prevailing interest rate environment.


The Consolidated Medium-Term Income and Expenditure Framework

The Consolidated Medium-Term Income and Expenditure Framework

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2011-04-14

Total Pages: 12

ISBN-13: 149833895X

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This paper updates the Fund’s consolidated income and expenditure outlook from the projections in January 2011. The paper incorporates and extends the income and budget projections in the companion papers, Review of the Fund’s Income Position for FY 2011 and FY 2012 (4/7/11) and FY 2012–FY 2014 Medium-Term Budget (3/31/11). The paper also provides an update on the projected accumulation of precautionary balances over the medium term. This responds to a request made during the September 2010 discussion of the adequacy of precautionary balances that progress towards targets be assessed also in the context of the annual income discussion.


International Monetary Fund Annual Report 2012

International Monetary Fund Annual Report 2012

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2012-10-04

Total Pages: 76

ISBN-13: 1475511310

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The IMF's 2012 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2012, which covers the period from May 1, 2011, through April 30, 2012. The print version of the Report is available in eight languages (Arabic, Chinese, English, French, German, Japanese, Russian, and Spanish), along with a CD-ROM (available in English only) that includes the Report text and ancillary materials, including the Fund's Financial Statements for FY2012.