Interim Review of The Adequacy of The Fund’s Precautionary Balances

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Publisher : International Monetary Fund
ISBN 13 : 1616357525
Total Pages : 51 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Interim Review of The Adequacy of The Fund’s Precautionary Balances by : International Monetary

Download or read book Interim Review of The Adequacy of The Fund’s Precautionary Balances written by International Monetary and published by International Monetary Fund. This book was released on 2021-12-16 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Precautionary balances are a key element of the Fund’s multilayered framework to mitigate financial risks. Overall financial risks remain elevated but have not increased significantly since the last review. Staff proposes to leave the medium-term target of SDR 25 billion, and the minimum floor of SDR 15 billion, unchanged at this time. With the projected increase in lending income, the pace of reserve accumulation is expected to remain adequate relative to the medium-term indicative target. The paper also reviews policy factors discussed in recent Board meetings that affect the level and accumulation of reserves.

Review Of The Adequacy Of The Fund’s Precautionary Balances

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Review Of The Adequacy Of The Fund’s Precautionary Balances by : International Monetary Fund. Finance Dept.

Download or read book Review Of The Adequacy Of The Fund’s Precautionary Balances written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2022-12-20 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: On December 12, 2022, the IMF’s Executive Board reviewed the adequacy of the Fund’s precautionary balances. The review took place on the standard two-year cycle, after an interim review in December 2021. Precautionary balances comprise the Fund’s general and special reserves. They are a key element of the IMF’s multi-layered framework for managing financial risks. Precautionary balances provide a buffer to protect the Fund against potential losses, resulting from credit, income, and other financial risks. In conducting the review, the Executive Board applied the rules-based framework agreed in 2010. Precautionary balances have risen further since the 2021 interim review and coverage metrics have strengthened. At the same, credit and other financial risks have also increased. The pace of reserve accumulation is expected to remain adequate. Against this background, Executive Directors endorsed staff’s proposal to retain the current medium-term target of SDR 25 billion and the minimum floor of SDR 15 billion. The Board also discussed the role of surcharges, which are primarily a component of the Fund’s risk management framework but also contribute to reserves accumulation.

Review of the Adequacy of the Fund’s Precautionary Balances

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513569562
Total Pages : 43 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Review of the Adequacy of the Fund’s Precautionary Balances by : International Monetary Fund. Finance Dept.

Download or read book Review of the Adequacy of the Fund’s Precautionary Balances written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2021-02-18 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: On October 30, 2020, the IMF’s Executive Board reviewed the adequacy of the Fund’s precautionary balances. Precautionary balances, comprising the Fund’s general and special reserves and the Special Contingent Account (SCA-1), are one element of the IMF’s multi-layered framework for managing financial risks. These balances provide a buffer to protect the Fund against potential losses, resulting from credit, income, and other financial risks. This review of the adequacy of the Fund’s precautionary balances took place on the standard two-year cycle, although it was delayed by a few months to allow for an assessment of the impact of the COVID-19 pandemic on Fund financial risks. In conducting the review, the Executive Board applied the rules-based framework agreed in 2010.

Review of the Adequacy of the Fund's Precautionary Balances

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498346057
Total Pages : 74 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Adequacy of the Fund's Precautionary Balances by : International Monetary Fund

Download or read book Review of the Adequacy of the Fund's Precautionary Balances written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-01-26 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the adequacy of the Fund’s precautionary balances, using the framework approved by the Board in 2010. The review takes place on the standard two-year cycle. The paper discusses developments since the last review in 2014 and revisits several issues discussed at that time. The framework provides an indicative range for the target for precautionary balances linked to credit outstanding, and allows for judgment in setting this target. A reserve coverage ratio of 20-30 percent draws on approaches in other IFIs, adapted to the circumstances of the Fund, and is a guide for determining the target. At the same time, Directors have emphasized the continued importance of judgment and Board discretion in light of a broad assessment of financial risks facing the Fund.

Review of the Fund’s Income Position for FY2023 and FY2024

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Review of the Fund’s Income Position for FY2023 and FY2024 by : International Monetary Fund. Finance Dept.

Download or read book Review of the Fund’s Income Position for FY2023 and FY2024 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2023-06-16 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper updates the projections of the Fund’s income position for FY 2023 and FY 2024 and proposes related decisions for the current and next financial year. The paper also includes a proposed decision to keep the margin for the rate of charge unchanged for financial year 2024. The Fund’s overall net income for FY 2023 is projected at about SDR 1.8 billion, slightly lower than the April 2022 estimate.

Temporary Modifications to The Fund’s Annual and Cumulative Access Limits

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Temporary Modifications to The Fund’s Annual and Cumulative Access Limits by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Temporary Modifications to The Fund’s Annual and Cumulative Access Limits written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2023-03-10 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper discusses possible changes for the Poverty Reduction and Growth Trust (PRGT), for which the access limits were raised by 45 percent in 2021, bringing them into alignment with GRA access limits for the first time. While these changes helped address low-income countries’ (LICs) financing needs, these needs are projected to further increase in the medium term. An increase in the PRGT access limits in line with the proposed increase in the GRA access limits would help address these needs.

Argentina: Staff Report for 2022 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund-Facility-Press Release; Staff Report; and Staff Supplements

Download Argentina: Staff Report for 2022 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund-Facility-Press Release; Staff Report; and Staff Supplements PDF Online Free

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 178 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Argentina: Staff Report for 2022 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund-Facility-Press Release; Staff Report; and Staff Supplements by : International Monetary

Download or read book Argentina: Staff Report for 2022 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund-Facility-Press Release; Staff Report; and Staff Supplements written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-25 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the background of a decade of declining per-capita income and high inflation, the Article IV consultation focused on policies to begin to tackle Argentina’s underlying impediments to sustained growth and low and stable inflation. Avoiding boom-bust dynamics suggests the need for greater emphasis on policies to promote net exports and mobilize domestic saving to finance much-needed investment. Reversing the high degree of financial dollarization, however, will take time and will require a durable commitment to tackle fiscal dominance and strengthen debt sustainability. Meanwhile, addressing budget rigidities is essential to improve Argentina’s resilience to shocks, while reorienting public spending towards investment and innovation is critical to support productivity and reduce intergenerational inequities. Sustained political and social consensus is necessary for policy predictability and to balance demands from financing Argentina’s large social welfare system while also encouraging private investment and formal employment.

Budget Augmentation Framework

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Budget Augmentation Framework by : International Monetary Fund. Office of Budget and Planning

Download or read book Budget Augmentation Framework written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2022-05-27 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Budget Augmentation Framework

Statement by the Managing Director on the Interim Work Program of the Executive Board

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498333079
Total Pages : 15 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Statement by the Managing Director on the Interim Work Program of the Executive Board by : International Monetary Fund

Download or read book Statement by the Managing Director on the Interim Work Program of the Executive Board written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-12-14 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This interim work program statement reflects the imperative of accelerating the process of reform that has been underway in the Fund for some time.

IMF Annual Report 2022

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 138 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis IMF Annual Report 2022 by : International Monetary Fund. Secretary's Department

Download or read book IMF Annual Report 2022 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2022-10-04 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audited financial statements that follow form Appendix VI of the International Monetary Fund’s Annual Report 2022 and can be found, together with Appendixes I through V and other materials, on the Annual Report 2022 web page (www.imf.org/AR2022). They have been reproduced separately here as a convenience for readers. Quarterly updates of the IMF’s Finances are available at www.imf.org/external/pubs/ft/quart/index.htm.

International Monetary Fund Annual Report 2023 Financial Statements

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis International Monetary Fund Annual Report 2023 Financial Statements by : International Monetary Fund. Secretary's Department

Download or read book International Monetary Fund Annual Report 2023 Financial Statements written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2023-09-28 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audited financial statements that follow form Appendix VI of the International Monetary Fund’s Annual Report 2023 and can be found, together with Appendixes I through V and other materials, on the Annual Report 2023 web page (www.imf.org/AR2023). They have been reproduced separately here as a convenience for readers. Quarterly updates of the IMF’s Finances are available at www.imf.org/external/pubs/ft/quart/index.htm.

IMF Financial Operations 2018

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Publisher : International Monetary Fund
ISBN 13 : 148434880X
Total Pages : 196 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis IMF Financial Operations 2018 by : International Monetary Fund. Finance Dept.

Download or read book IMF Financial Operations 2018 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-04-18 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: IMF Financial Operations 2018 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and provides background detail on the financial statements. It reviews the IMF's three main activities: lending, surveillance, and technical assistance.

IMF Financial Operations 2016

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Publisher : International Monetary Fund
ISBN 13 : 1475532199
Total Pages : 192 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis IMF Financial Operations 2016 by : International Monetary Fund. Finance Dept.

Download or read book IMF Financial Operations 2016 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2016-11-04 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: IMF Financial Operations 2016 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and also provides background detail of the financial statements for the IMF's activities during the most recent financial year. This publication (currently in its third edition) updates a previous report entitled Financial Organization and Operations of the IMF, first published in 1986 and last issued in 2001 (the sixth edition). That 2001 report reflected the seismic shifts in the global economy and in the IMF's structure and operations that occurred after the fall of the Soviet Union and the various currency and financial crises of the 1990s. This revised and updated report covers more recent developments, including reform of the IMF’s income model, measures taken in response to the global financial crisis of 2007–09, and the institutional reforms aimed at ensuring that the IMF's governance structure evolves in line with developments in the global economy.

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 19, 2017

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Publisher : International Monetary Fund
ISBN 13 : 1498346650
Total Pages : 12 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 19, 2017 by : International Monetary Fund

Download or read book Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 19, 2017 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2017-07-20 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Work Program (WP) translates the policy priorities and strategic directions laid out in the Spring 2017 Global Policy Agenda (GPA) and the International Monetary and Financial Committee (IMFC) Communiqué into an Executive Board agenda for the next twelve months. The Managing Director’s GPA, welcomed by the IMFC, called on members to continue using supportive policies based on a three-pronged approach to sustain the recovery, to work together within the multilateral framework toward strong and more balanced growth, and to provide economic opportunities for all. It outlined how the Fund would support the membership by promoting efforts to sustain the recovery, lift productivity and increase resilience, and by promoting sustainable policies toward a more inclusive global economy, while facilitating multilateral solutions to global challenges. Where the work extends beyond traditional areas, the WP will focus on macro-relevant issues that are systemically important or relevant for many countries and amenable to change through economic policies.

2023 Review of Resource Adequacy of the Poverty Reduction and Growth Trust, Resilience and Sustainability Trust, and Debt Relief Trusts

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis 2023 Review of Resource Adequacy of the Poverty Reduction and Growth Trust, Resilience and Sustainability Trust, and Debt Relief Trusts by : International Monetary Fund. Legal Dept.

Download or read book 2023 Review of Resource Adequacy of the Poverty Reduction and Growth Trust, Resilience and Sustainability Trust, and Debt Relief Trusts written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2023-04-26 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an integrated perspective across the Trusts of the Fund. It is the first annual review that combines discussion of the adequacy of the resources of the Fund’s Poverty Reduction and Growth Trust (PRGT) and debt relief trusts, including the Catastrophe Containment and Relief Trust (CCRT), with that of the Resilience and Sustainability Trust (RST). The review of the PRGT assesses recent developments for lending demand, fundraising, and interest rates and compares them to the baseline projections underpinning the July 2021 reforms. A multi-pronged strategy is proposed to address identified strains on PRGT finances while minimizing negative effects for PRGT borrowers and preserving the confidence of PRGT lenders. On the recently established RST, this paper reports its fundraising progress; discusses demand developments and outlook for RST financing; assesses adequacy of loan resources and reserves; and examines, in view of increases in the SDR interest rate, the implications of adopting an interest rate cap at 21⁄4 percent for the lowest income group eligible for RST borrowing.

Post-Program Monitoring During The Pandemic

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Publisher : International Monetary Fund
ISBN 13 : 1484366085
Total Pages : 18 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Post-Program Monitoring During The Pandemic by : International Monetary

Download or read book Post-Program Monitoring During The Pandemic written by International Monetary and published by International Monetary Fund. This book was released on 2021-05-19 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The increase in Fund lending in the aftermath of the Covid-19 pandemic, including emergency financing, has led to a record number of requests for financing last year, and to an unprecedented amount of credit outstanding. This underscores the need for appropriate safeguards to the Fund’s balance sheet. Post Program Monitoring (PPM) is one such safeguard, which provides a framework for deeper and closer engagement with members that have substantial outstanding Fund credit but are not in a program relationship.

Key Developments in IMF Policy Work--October 12, 2008-April 22, 2009

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Publisher : International Monetary Fund
ISBN 13 : 1498336108
Total Pages : 9 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Key Developments in IMF Policy Work--October 12, 2008-April 22, 2009 by : International Monetary Fund

Download or read book Key Developments in IMF Policy Work--October 12, 2008-April 22, 2009 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-09-04 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper summarizes key developments in the Fund’s policy work since the 2008 Annual Meetings. Table 1 presents key conclusions of policy initiatives. Table 2 provides a progress report on implementation of the Fund’s surveillance priorities.