Use of Gold Sales Profits - Initial Considerations and Options

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Publisher : International Monetary Fund
ISBN 13 : 149833914X
Total Pages : 16 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Use of Gold Sales Profits - Initial Considerations and Options by : International Monetary Fund. Finance Dept.

Download or read book Use of Gold Sales Profits - Initial Considerations and Options written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2011-03-16 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: In December 2010, the Fund concluded the limited gold sale (403 metric tons) approved by the Board in September 2009. The main purpose of the sale was to generate profits to fund an endowment that would diversify the Fund’s income sources away from lending income. In addition, the Board agreed in July 2009, before approving the sale, to a strategy pursuant to which resources linked to the gold sale would contribute to boosting the Fund’s concessional lending capacity. Total profits from the gold sale were SDR 6.85 billion. The profits significantly exceeded those assumed in April 2008 when agreement was reached on the key features of the new income model, and in July 2009 at the time of the discussions on a financing package to support reform of the Fund’s concessional lending activities. This reflects the substantial increase in the market price of gold throughout the period of the gold sales. With the gold sale complete, it is timely for the Board to revisit the issues relating to the use of the profits. This paper seeks to provide a basis for initial Board consideration of this topic. It focuses primarily on the options for use of the windfall profits above a price of US$935 per ounce, which was the average price required to generate resources for the endowment at the assumed gold price underlying the new income model and to implement the agreed strategy to provide SDR 0.5–0.6 billion in resources linked to gold sales as part of the 2009 concessional financing package.

Use of Windfall Gold Sale Profits—Further Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1498338623
Total Pages : 19 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Use of Windfall Gold Sale Profits—Further Considerations by : International Monetary Fund. Finance Dept.

Download or read book Use of Windfall Gold Sale Profits—Further Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2011-05-08 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: In April 2011, Executive Directors held a preliminary discussion on the use of the profits of SDR 6.85 billion from the Fund’s limited gold sale. They noted their expectation that at least SDR 4.4 billion of the profits would be placed in an endowment within the Investment Account, and affirmed their support for the 2009 financing package for low-income countries (LICs), including the distribution to the Fund’s membership of up to SDR 0.7 billion from the profits linked to gold sales, with the expectation that most members will return equivalent funds to the Poverty Reduction and Growth Trust (PRGT). There was a wide range of views among Directors on the three main options presented for the windfall of SDR 1.75 billion, but no consensus favoring a single option. The main options presented included use of resources linked to the windfall to boost the capacity of the PRGT, counting the windfall towards precautionary balances, or investing the windfall profits as part of the Investment Account’s endowment. Many Directors indicated that they could support a combination of two or more of the main options.

Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries

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Publisher : International Monetary Fund
ISBN 13 : 1498338496
Total Pages : 28 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries by : International Monetary Fund

Download or read book Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-09-13 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lower-than-expected demand over the recent past has raised the lending capacity of the PRGT for the years 2012–14. Staff’s latest projections suggest PRGT demand in 2011 could be about SDR 1.4 billion, up from SDR 1.2 billion in 2010. Assuming the 2009 LIC financing package is completed, these projections would be consistent with lending capacity of about SDR 2.1 billion per year from 2012–14, or SDR 1.5 billion per year through 2015. Most of the targeted loan resources under the 2009 package have now been secured, but additional pledges of about SDR 1 billion in loans are still needed. Fourteen members have pledged SDR 9.8 billion in new loan resources for the PRGT, compared to the target of SDR 10.8 billion. New borrowing agreements totaling SDR 9.5 billion have been signed with thirteen lenders. Eight of these agreements provide loan resources in SDRs, and seven creditors also participate in the voluntary encashment regime.

European Yearbook of International Economic Law 2012

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Publisher : Springer Science & Business Media
ISBN 13 : 3642233082
Total Pages : 721 pages
Book Rating : 4.6/5 (422 download)

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Book Synopsis European Yearbook of International Economic Law 2012 by : Christoph Herrmann

Download or read book European Yearbook of International Economic Law 2012 written by Christoph Herrmann and published by Springer Science & Business Media. This book was released on 2011-12-21 with total page 721 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third volume of the European Yearbook of International Economic law focuses on two major topics of current academic and political interest. Firstly, it adresses the 10th anniversary of China's accession to the WTO and its implications; secondly, it deals with different legal aspects of global energy markets.

Review of Facilities for Low-Income Countries

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Publisher : International Monetary Fund
ISBN 13 : 1498340121
Total Pages : 56 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of Facilities for Low-Income Countries by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Review of Facilities for Low-Income Countries written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2012-07-26 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2009 reforms have broadly achieved their objective of closing gaps and creating a streamlined architecture of facilities that is better tailored to the diverse needs of LICs. Supported by the financing package to boost the PRGT’s lending capacity for 2009–14 and the accompanying doubling of access, the Fund was able to mount an effective response to LICs’ needs during the global financial crisis.

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

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Publisher : International Monetary Fund
ISBN 13 : 1498339050
Total Pages : 40 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Fund's Income Position for FY 2011 and FY 2012 by : International Monetary Fund. Finance Dept.

Download or read book Review of the Fund's Income Position for FY 2011 and FY 2012 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2011-07-04 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Consolidated Medium-Term Income and Expenditure Framework

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Publisher : International Monetary Fund
ISBN 13 : 149833895X
Total Pages : 12 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Consolidated Medium-Term Income and Expenditure Framework by : International Monetary Fund

Download or read book The Consolidated Medium-Term Income and Expenditure Framework written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-04-14 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Proposal to Distribute Remaining Windfall Gold Sales Profits and Strategy to Make the Poverty Reduction and Growth Trust Sustainable

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Publisher : International Monetary Fund
ISBN 13 : 1498339859
Total Pages : 27 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Proposal to Distribute Remaining Windfall Gold Sales Profits and Strategy to Make the Poverty Reduction and Growth Trust Sustainable by : International Monetary Fund. Finance Dept.

Download or read book Proposal to Distribute Remaining Windfall Gold Sales Profits and Strategy to Make the Poverty Reduction and Growth Trust Sustainable written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2012-09-17 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper revisits the use of the remaining gold sales windfall profits (SDR 1.75 billion). Directors previously considered three main options: using them as part of a strategy to boost the capacity of the PRGT; counting them towards precautionary balances; or investing them in the Investment Account’s endowment. In past discussions, Directors expressed a wide range of views on these options, and the resources have continued to be held in the Investment Account pending a decision by the Executive Board.

When and how to Profit from Buying and Selling Gold

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Publisher : Lawrence R Rosen
ISBN 13 : 9780870940965
Total Pages : 326 pages
Book Rating : 4.9/5 (49 download)

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Book Synopsis When and how to Profit from Buying and Selling Gold by : Lawrence R. Rosen

Download or read book When and how to Profit from Buying and Selling Gold written by Lawrence R. Rosen and published by Lawrence R Rosen. This book was released on 1975 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: From biblical times to the present mankind has put its faith in gold, in recent years those who have followed the ancient tradition of investing in this mystic metal have been bountifully rewarded: the price has soared some 400% since 1070! Nevertheless, the old axiom “investigate before investing" has never been more applicable than when applied to gold. Among the considerations that should be weighed by prospective investors are: • How much should I pay for gold? • When is the price too high? • How does the trend of supply compare with demand? • What will be the effect on price of government policies and the 1.2 million ounces held by central banks? • If the price and charges am right, which should I buy: gold coins, gold bullion, gold futures contracts, or gold mining shares? When and How to Profit from Buying and Selling Gold answers these questions and many more. Every investor will find this work to be an authoritative and indispensable source of information on the subject of investing in gold.

How to Profit in Gold: Professional Tips and Strategies for Today’s Ultimate Safe Haven Investment

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Publisher : McGraw Hill Professional
ISBN 13 : 0071759115
Total Pages : 224 pages
Book Rating : 4.0/5 (717 download)

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Book Synopsis How to Profit in Gold: Professional Tips and Strategies for Today’s Ultimate Safe Haven Investment by : Jonathan Spall

Download or read book How to Profit in Gold: Professional Tips and Strategies for Today’s Ultimate Safe Haven Investment written by Jonathan Spall and published by McGraw Hill Professional. This book was released on 2010-09-10 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: A golden investing opportunity you can't afford to miss! As most investors know, gold is a "safe haven" asset that can actually increase in value during stock market slumps and recessions. But what else do you really know about this commodity? Are you taking full advantage of it? Do you know how to work it into your overall investment strategy? How to Profit in Gold is a comprehensive tutorial on making gold a profi table part of your investment strategy. Jonathan Spall, a 25-year veteran of the precious metals market, provides an inside look at how the precious metal is traded and priced, along with valuable insight into gold's unique position in the marketplace. Filled with practical advice designed to help you get started right away, How to Profit in Gold explores such topics as: Simple and complex gold trading processes The pivotal role central banks play in the gold market Gold exchange-traded funds (ETFs) How spot gold is traded Why gold mining companies have traditionally hedged, and why they no longer do so Strategies for investing in the retail market Spall provides an extensive glossary of terms you'll need to know, and he debunks various myths regarding this market, including the Fed's supposed scheme to keep gold prices artificially low during the 1990s. The effects of global economic growth, the weakened dollar, the credit crunch, and the recent creation of enormous funds each affect the gold market; put them together and they add up to potential profits gold investors have never before dreamed of. Gold is a surprisingly small market. When you learn how to navigate it, the potential for excellent rewards becomes evident. Can you afford not to start investing in gold?

Selected Decisions and Selected Documents of the International Monetary Fund, Forty First Issue Supplement

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Publisher : International Monetary Fund
ISBN 13 : 1513557521
Total Pages : 907 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Selected Decisions and Selected Documents of the International Monetary Fund, Forty First Issue Supplement by : International Monetary Fund. Legal Dept.

Download or read book Selected Decisions and Selected Documents of the International Monetary Fund, Forty First Issue Supplement written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2021-02-08 with total page 907 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is the Forty-First Issue of Selected Decisions and Selected Documents of the IMF. It includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents, to which frequent reference is made in the current activities of the IMF. In addition, it includes certain documents relating to the IMF, the United Nations, and other international organizations. As with other recent issues, the number of decisions in force continues to increase, with the decision format tending to be longer given the use of summings up in lieu of formal decisions. Accordingly, it has become necessary to delete certain decisions that were included in earlier issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions. Wherever reference is made in these decisions and documents to a provision of the IMF’s Articles of Agreement or Rules and Regulations that has subsequently been renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision currently in effect is cited in a footnote.

Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries

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Publisher : International Monetary Fund
ISBN 13 : 1498340571
Total Pages : 32 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries by : International Monetary Fund. Finance Dept.

Download or read book Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2012-04-30 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commitments under new PRGT-supported programs are expected to increase in 2012 in part reflecting the weaker global economic outlook. PRGT commitments in 2011 amounted to SDR 1.2 billion, unchanged from their 2010 level. Staff projections suggest demand could rise to about SDR 2 billion in 2012. If all elements of the 2009 financing package are secured, the PRGT will have an annual average lending capacity of SDR 2.2 billion over 2012–14, or SDR 1.6 billion through 2015. Additional pledges of SDR 1 billion in loan resources are still required to secure the targeted loan resources approved under the 2009 financing package. Fourteen members have so far pledged SDR 9.8 billion in new loan resources for the PRGT compared with the target of SDR 10.8 billion. New borrowing agreements totaling SDR 9.5 billion have been signed with thirteen lenders.

How to Buy and Sell Real Estate at a Profit

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Publisher :
ISBN 13 :
Total Pages : 230 pages
Book Rating : 4.:/5 (2 download)

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Book Synopsis How to Buy and Sell Real Estate at a Profit by : William Austen Carney

Download or read book How to Buy and Sell Real Estate at a Profit written by William Austen Carney and published by . This book was released on 1905 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Survey

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Publisher : International Monetary Fund
ISBN 13 : 145193744X
Total Pages : 458 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Survey by : International Monetary Fund. External Relations Dept.

Download or read book IMF Survey written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1996-01-01 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx

The IMF Gold Agreement

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Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis The IMF Gold Agreement by : United States. Congress. Joint Economic Committee. Subcommittee on International Economics

Download or read book The IMF Gold Agreement written by United States. Congress. Joint Economic Committee. Subcommittee on International Economics and published by . This book was released on 1976 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Accounting for Investments, Volume 1

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Publisher : John Wiley & Sons
ISBN 13 : 047082431X
Total Pages : 671 pages
Book Rating : 4.4/5 (78 download)

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Book Synopsis Accounting for Investments, Volume 1 by : R. Venkata Subramani

Download or read book Accounting for Investments, Volume 1 written by R. Venkata Subramani and published by John Wiley & Sons. This book was released on 2009-06-02 with total page 671 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 financial crisis highlighted the need for responsible corporate governance within financial institutions. The key to ensuring that adequate standards are maintained lies with effective accounting and auditing standards. Accounting for Investments: Equities, Futures and Options offers a comprehensive overview of these key financial instruments and their treatment in the accounting sector, with special reference to the regulatory requirements. The book uses the US GAAP requirements as the standard model and the IFRS variants of the same are also given. Accounting for Investments starts from the basics of each financial product and: defines the product analyses the structure of the product evaluates its advantages and disadvantages describes the different events in the trade cycle elaborates on the accounting entries related to these events. The author also explains how the entries are reflected in the general ledger accounts, thus providing a macro level picture for the reader to understand the impact of such accounting. Lucidly written and informative, Accounting for Investments is a comprehensive guide for any professional dealing with these complex products. It also provides an accessible text for technology experts who develop software and support systems for the finance industry.

Hearings, Reports and Prints of the Joint Economic Committee

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Publisher :
ISBN 13 :
Total Pages : 1498 pages
Book Rating : 4.:/5 (35 download)

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Book Synopsis Hearings, Reports and Prints of the Joint Economic Committee by : United States. Congress. Joint Economic Committee

Download or read book Hearings, Reports and Prints of the Joint Economic Committee written by United States. Congress. Joint Economic Committee and published by . This book was released on 1976 with total page 1498 pages. Available in PDF, EPUB and Kindle. Book excerpt: