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 PDF Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498340709
Category : Business & Economics
Languages : en
Pages : 40

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Book Description
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 2012 and FY 2013-14

Review of the Fund's Income Position for FY 2012 and FY 2013-14 PDF Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498340709
Category : Business & Economics
Languages : en
Pages : 40

Get Book Here

Book Description
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 2011 and FY 2012

Review of the Fund's Income Position for FY 2011 and FY 2012 PDF Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498339050
Category : Business & Economics
Languages : en
Pages : 40

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Book Description
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.

The Fund's Income Position for FY 2012--Midyear Review

The Fund's Income Position for FY 2012--Midyear Review PDF Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498338178
Category : Business & Economics
Languages : en
Pages : 11

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Book Description
This paper updates the outlook for the Fund’s income position for FY 2012. The overall outlook is broadly unchanged, with the FY 2012 net operational income now projected at SDR 500 million compared with the projection of SDR 482 million in April 2011. This primarily reflects additional lending activity, which is partially offset by lower implicit returns on the Fund’s interest-free resources owing to the prevailing interest rate environment.1 The actual outcome is subject to considerable uncertainty in light of conditions in the global economy, which could affect the timing and amounts of disbursements under current and potential new arrangements and the performance of the Investment Account (IA).

The Fund's Income Position for FY 2011 - Midyear Review

The Fund's Income Position for FY 2011 - Midyear Review PDF Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498336493
Category : Business & Economics
Languages : en
Pages : 11

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Book Description
This paper updates the outlook for the IMF’s income position for the financial year 2011 taking into account developments in the first half of the year. The outlook has improved primarily reflecting additional lending activity, which raised the projected average credit outstanding in FY 2011 by about SDR 3 billion to SDR 54 billion. Net operational income for FY 2011 is projected at SDR 328 million, some SDR 126 million higher than the projection in April 2010.1 The actual outcome is subject to considerable uncertainty related to the timing and amounts of disbursements under current and potential new arrangements and the performance of the Investment Account (IA).

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

The Fund's Income Position for FY 2012 - Actual Outcome PDF Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498339921
Category : Business & Economics
Languages : en
Pages : 5

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Book Description
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 2013 and FY 2014

Review of the Fund’s Income Position for FY 2013 and FY 2014 PDF Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 149834187X
Category : Business & Economics
Languages : en
Pages : 35

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Book Description
This paper reviews the Fund’s income position for FY 2013 and FY 2014. The paper updates projections provided at the FY 2013 midyear review and proposes decisions for the current and next financial year. The paper includes a comprehensive review of the Fund’s income position as required under the new Rule I-6(4) adopted in December 2011 (see Box 1). Based on this review, no change in the margin for the rate of charge is proposed. The paper is structured as follows: The first section reviews the FY 2013 income position and the main changes from the midyear projections; the second section makes proposals on the disposition of FY 2013 net income, and placement to reserves; the third section discusses the margin on the rate of charge for FY 2014, updates the income projections, and reviews the projected burden sharing adjustments; and the last section reviews special charges.

FY 2021-FY 2023 Medium-Term Budget

FY 2021-FY 2023 Medium-Term Budget PDF Author: International Monetary Fund. Office of Budget and Planning
Publisher: International Monetary Fund
ISBN: 1513545817
Category : Business & Economics
Languages : en
Pages : 92

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Book Description
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.

International Monetary Fund Annual Report 2012

International Monetary Fund Annual Report 2012 PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1475511310
Category : Business & Economics
Languages : en
Pages : 76

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Book Description
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.

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 PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498343511
Category : Business & Economics
Languages : en
Pages : 48

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Book Description
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.

The Consolidated Medium-Term Income and Expenditure Framework

The Consolidated Medium-Term Income and Expenditure Framework PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498343430
Category : Business & Economics
Languages : en
Pages : 14

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Book Description
The medium-term income projections have been updated since the last estimate provided to the Executive Board in April 2013. Lending income is higher compared with the earlier estimates as a result of new arrangements approved since April 2013. Non-lending income is lower primarily due to revised projections for investment income. The updated expenditure path assumes the net administrative budget remains constant in real terms at the FY 2014 level, implying a nominal medium-term path that is somewhat higher than in the April 2013 projections. Precautionary balances are projected to reach the current target of SDR 20 billion in FY 2018. The projections also illustrate a broad balance between income and expenditures even if lending were to return to pre-crisis levels.