Review of The Fund’s Income Position for FY 2021 and FY 2022

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Publisher : International Monetary Fund
ISBN 13 : 1513577921
Total Pages : 43 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Review of The Fund’s Income Position for FY 2021 and FY 2022 by : International Monetary Fund

Download or read book Review of The Fund’s Income Position for FY 2021 and FY 2022 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-05-28 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper updates the projections of the Fund’s income position for FY 2021 and FY 2022 and proposes decisions for the current and next financial year. The Fund’s overall net income for FY 2021 is projected at about SDR 4.1 billion, higher than both the interim estimate of SDR 3.2 billion and the April 2020 estimate.

Review of The Fund's Income Position for FY 2021 and FY 2022

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (132 download)

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Book Synopsis Review of The Fund's Income Position for FY 2021 and FY 2022 by :

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Review of The Fund's Income Position for FY 2021 and FY 2022

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Review of The Fund's Income Position for FY 2021 and FY 2022 by : Internationaler Währungsfonds

Download or read book Review of The Fund's Income Position for FY 2021 and FY 2022 written by Internationaler Währungsfonds and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper updates the projections of the Fund's income position for FY 2021 and FY 2022 and proposes decisions for the current and next financial year. The Fund's overall net income for FY 2021 is projected at about SDR 4.1 billion, higher than both the interim estimate of SDR 3.2 billion and the April 2020 estimate.

Review of The Fund's Income Position for FY 2022 and FY 2023–2024

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Review of The Fund's Income Position for FY 2022 and FY 2023–2024 by : International Monetary

Download or read book Review of The Fund's Income Position for FY 2022 and FY 2023–2024 written by International Monetary and published by International Monetary Fund. This book was released on 2022-05-27 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper updates the projections of the Fund’s income position for FY 2022 and FY 2023–2024 and proposes related decisions for the current financial year. The paper also includes a proposed decision to set the margin for the rate of charge for financial years 2023 and 2024.

Review Of The Fund’s Income Position For FY 2020 And FY 2021-2022

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781513551135
Total Pages : 57 pages
Book Rating : 4.5/5 (511 download)

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Book Synopsis Review Of The Fund’s Income Position For FY 2020 And FY 2021-2022 by : International Monetary Fund

Download or read book Review Of The Fund’s Income Position For FY 2020 And FY 2021-2022 written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-07-24 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the Fund’s income position for FY 2020 and FY 2021–22. It updates the April 2019 projections and proposes decisions for the current year. The paper also includes a proposed decision to set the margin for the rate of charge for financial years 2021 and 2022. Projections of the Fund’s income are subject to larger than normal uncertainties related to the impact of the COVID-19 pandemic on key assumptions. For FY 2020, these uncertainties relate mainly to the discount rate used to measure the Fund’s retirement plan obligations at April 30, 2020 and to the full year asset returns on the retirement plan and the Endowment Subaccount (EA), given the recent volatility in financial markets. For FY 2021–22, a key additional uncertainty is the scale of new lending associated with the economic fallout from the COVID-19 pandemic.

The Fund’s Income Position for FY 2022—Actual Outcome

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis The Fund’s Income Position for FY 2022—Actual Outcome by : International Monetary Fund. Finance Dept.

Download or read book The Fund’s Income Position for FY 2022—Actual Outcome written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2022-12-16 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports on the Fund’s income position for FY 2022 following the closing of the Fund’s accounts for the financial year and completion of the external audit.

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

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Review of the Fund’s Income Position for FY 2024 and FY 2025-2026 by : International Monetary Fund. Finance Dept.

Download or read book Review of the Fund’s Income Position for FY 2024 and FY 2025-2026 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2024-05-10 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Fund's Income Position for FY 2021 - Actual Outcome

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1616354631
Total Pages : 10 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis The Fund's Income Position for FY 2021 - Actual Outcome by : International Monetary

Download or read book The Fund's Income Position for FY 2021 - Actual Outcome written by International Monetary and published by International Monetary Fund. This book was released on 2021-11-24 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports on the Fund’s income position for FY 2021 following the closing of the Fund’s accounts for the financial year and completion of the external audit. Overall FY 2021 net income amounted to SDR 4.8 billion or SDR 0.7 billion higher than estimated in April, mainly reflecting a larger than anticipated gain reported under IAS 19 (the accounting standard for employee benefits) and endowment returns exceeding earlier projections.

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.

The Fund’s Income Position for FY 2023— Actual Outcome

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis The Fund’s Income Position for FY 2023— Actual Outcome by : International Monetary Fund. Finance Dept.

Download or read book The Fund’s Income Position for FY 2023— Actual Outcome written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2023-11-17 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports on the Fund’s income position for FY 2023 following the closing of the Fund’s accounts for the financial year and completion of the external audit. Overall net income of the General Department was SDR 1.7 billion, SDR 0.1 billion lower than estimated in April, mainly reflecting a decrease in the remeasurement gain reported under IAS 19 (the accounting standard for employee benefits) offset partly by higher-than-anticipated returns from the investment subaccounts compared with earlier projections.

International Monetary Fund Annual Report 2021

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513568817
Total Pages : 74 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis International Monetary Fund Annual Report 2021 by : International Monetary Fund. Secretary's Department

Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

Review of the Fund's Income Position for FY 2016 and FY 2017-2018

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498345743
Total Pages : 67 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Fund's Income Position for FY 2016 and FY 2017-2018 by : International Monetary Fund. Finance Dept.

Download or read book Review of the Fund's Income Position for FY 2016 and FY 2017-2018 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2016-08-04 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund’s total net income for FY 2016 including surcharges is projected at about SDR 1.0 billion or some SDR 0.15 billion higher than expected in April 2015. Lending income continues to be the main source of income and is in line with April 2015 estimates. Investment income has fallen reflecting the decline in equity markets that exceeded the modest returns on fixed income securities. As a result of the 5-yearly review of key actuarial assumptions, the IAS 19 adjustment (relating to reporting of employee benefits) is expected to contribute about SDR 0.3 billion to net income in FY 2016. The paper recommends that GRA net income of SDR 1.1 billion for FY 2016 (which excludes projected losses of the gold endowment), be placed equally to the special and general reserve. After the placement to reserves, precautionary balances are projected to reach SDR 15.2 billion at the end of FY 2016. Following the completion of the Board’s review of the investment strategy for the Fixed-Income Subaccount, the paper further proposes to transfer currencies equivalent to the increase of the Fund’s reserves for FY 2014 and FY 2015 (totaling SDR 2.6 billion) and FY 2016 (estimated at SDR 1.1 billion), from the GRA to the Investment Account. The paper proposes that the margin for the rate of charge be set at 100 basis points for the two years FY 2017 and FY 2018. This follows a comprehensive review of the underlying factors relevant for the establishment of the margin this year and also takes into account the impact of the inclusion of the renminbi in the SDR basket on Fund income and borrowing costs. The projections for FY 2017 and FY 2018 point to a net income position of SDR 1 billion and SDR 0.7 billion, respectively. These projections are subject to considerable uncertainty and are sensitive to a number of assumptions.

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

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Author :
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 Fund's Income Position for FY 2018 and FY 2019-20

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498309003
Total Pages : 52 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Fund's Income Position for FY 2018 and FY 2019-20 by : International Monetary Fund. Finance Dept.

Download or read book Review of the Fund's Income Position for FY 2018 and FY 2019-20 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-06-13 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Fund’s total net income for FY 2018 is projected at about SDR 0.7 billion, broadly in line with the April 2017 estimate. The projections for total lending income are broadly unchanged. Most sources of lending income are lower, reflecting a lower level of credit outstanding as a result of advance repurchases and delayed disbursements. However, projected commitment fee income is higher following the early cancellation of a large FCL arrangement in November 2017. The paper recommends that GRA net income of SDR 0.7 billion for FY 2018 (excluding projected income of the gold sales profits-funded Endowment Subaccount) be placed to the special and general reserve. After the placement of GRA FY 2018 net income to reserves, precautionary balances are projected to reach SDR 17.4 billion at the end of FY 2018. The paper further proposes to transfer currencies equivalent to the increase in the Fund’s reserves from the GRA to the Investment Account. The paper also revisits options for the allocation of net income between the special and general reserve, and proposes that net income be allocated equally between the special and general reserve. In line with the recent Board discussion of a framework for guiding future payouts from the Endowment Subaccount, the paper presents a detailed proposal, which includes delaying payouts for three years to protect the real value of the Endowment. The paper also recommends that the margin for the rate of charge for the period FY 2019–2020 be kept unchanged at 100 basis points. The margin will again be set under the exceptional circumstances clause, as non-lending income continues to be constrained by the low interest rate environment and lending income will be used to finance a portion of the Fund’s non-lending activities. The projections for FY 2019 and FY 2020 point to a net income position of SDR 0.4 billion and SDR 1 billion, respectively. These projections are subject to considerable uncertainty and are sensitive to a number of assumptions."

Review Of The Fund’s Income Position For FY 2019 And FY 2020

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498322905
Total Pages : 47 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review Of The Fund’s Income Position For FY 2019 And FY 2020 by : International Monetary Fund. Finance Dept.

Download or read book Review Of The Fund’s Income Position For FY 2019 And FY 2020 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2019-06-28 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the Fund’s income position for FY 2019 and FY 2020. The paper updates projections provided in April 2018 and proposes decisions for the current year. The paper includes a comprehensive review of the Fund’s income position as required under Rule I-6(4). No change is proposed in the margin for the rate of charge that was established under this rule in April 2018 for the period FY 2019–20.

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.

FY 2021-FY 2023 Medium-Term Budget

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513545817
Total Pages : 92 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis FY 2021-FY 2023 Medium-Term Budget by : International Monetary Fund. Office of Budget and Planning

Download or read book FY 2021-FY 2023 Medium-Term Budget written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2020-05-29 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.