The Fund's Income Position for FY 2015 - Actual Outcome

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498344224
Total Pages : 8 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Fund's Income Position for FY 2015 - Actual Outcome by : International Monetary Fund. Finance Dept.

Download or read book The Fund's Income Position for FY 2015 - Actual Outcome written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2015-09-09 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports the Fund’s income position for FY 2015 following the closing of the Fund’s accounts for the financial year and completion of the external audit. FY 2015 net income, including income from surcharges, amounted to SDR 1.6 billion or about SDR 133 million more than estimated in April. The bulk of this difference reflects a smaller net loss in the valuation reported under the revised accounting standard for employee benefits (IAS 19). In accordance with decisions taken in April 2015, investment income from the Fixed-Income Subaccount of SDR 84 million has been transferred from the Investment Account to the GRA. GRA net income for FY 2015 of SDR 1.5 billion has been placed to the Fund’s reserves, further strengthening the Fund’s precautionary balances, which reached SDR 14.2 billion at the end FY 2015.

The Fund's Income Position For FY 2016

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Author :
Publisher : International Monetary Fund
ISBN 13 : 149834531X
Total Pages : 8 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Fund's Income Position For FY 2016 by : International Monetary Fund. Finance Dept.

Download or read book The Fund's Income Position For FY 2016 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2016-08-26 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports the Fund’s income position for FY 2016 following the closing of the Fund’s accounts for the financial year and completion of the external audit. FY 2016 net income, including income from surcharges, was unchanged from the amount of SDR 998 million projected in April. GRA net income for FY 2016 of about SDR 1 billion has been placed to the Fund’s reserves, further strengthening the Fund’s precautionary balances, which reached SDR 15.2 billion at the end of FY 2016. Following the completion of the Executive Board’s review of the investment strategy for the Fixed-Income Subaccount and consistent with the discussions in April, currencies totaling about SDR 3.7 billion will be transferred to the Investment Account during September and October 2016. This comprises currencies equivalent to the net income retained in the GRA in FY 2014 (SDR 1.2 billion) and FY 2015 (SDR 1.5 billion), together with the currencies equivalent to the FY 2016 GRA net income of about SDR 1 billion.

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

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Author :
Publisher : International Monetary Fund
ISBN 13 : 149834478X
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 2015 and FY 2016 by : International Monetary Fund

Download or read book Review of the Fund's Income Position for FY 2015 and FY 2016 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-06-04 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: FY 2015 net income is now projected at SDR 1.5 billion. Lending continues to be the main source of income, although advance repurchases have lowered projected lending income in FY 2015 by SDR 0.3 billion. Investment income remains constrained in the low interest environment but the returns were somewhat stronger than projected. A revaluation of pension obligations, required under accounting standard IAS 19 and stemming from a further fall in the discount rate, is projected to entail an adjustment to FY 2015 net income of about SDR 0.8 billion. The paper proposes that GRA net income of SDR 1.3 billion, which excludes the retained earnings of the gold endowment, be placed to the special reserve.* After the placement to reserves, precautionary balances are projected at SDR 14.0 billion at the end of FY 2015. The paper further proposes to retain currencies available for transfer to the Investment Account in the GRA, pending completion later this year of the Board’s review of the mandate for the Fixed-Income Subaccount.

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.

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.

Fund's Income Position for FY 2018 Actual Outcome

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498310184
Total Pages : 9 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fund's Income Position for FY 2018 Actual Outcome by : International Monetary Fund. Finance Dept.

Download or read book Fund's Income Position for FY 2018 Actual Outcome written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-10-19 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper reports the Fund’s income position for FY 2018 following the closing of the Fund’s accounts for the financial year and completion of the external audit. Total FY 2018 net income, including income from surcharges, amounted to SDR 0.78 billion or SDR 94 million higher than estimated in April, reflecting mainly a larger than anticipated gain reported under IAS 19 (the accounting standard for employee benefits). GRA net income for FY 2018 was about SDR 0.76 billion and has been placed to the Fund’s reserves. In accordance with decisions taken in April 2018, a net transfer of currencies amounting to SDR 0.67 billion was made in early August 2018 from the GRA to the Investment Account. The placement of the net income to the Fund’s reserves has further strengthened the Fund’s precautionary balances, which reached SDR 17.5 billion at the end of FY 2018."

The Fund's Income Position for FY 2017 - Actual Outcome

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498309607
Total Pages : 8 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Fund's Income Position for FY 2017 - Actual Outcome by : International Monetary Fund. Finance Dept.

Download or read book The Fund's Income Position for FY 2017 - Actual Outcome written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-09-04 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper reports the Fund’s income position for FY 2017 following the closing of the Fund’s accounts for the financial year and completion of the external audit. Total FY 2017 net income, including income from surcharges, amounted to SDR 1.9 billion or about SDR 258 million higher than estimated in April, reflecting mainly a larger than anticipated gain reported under IAS 19 (the accounting standard for employee benefits). GRA net income for FY 2017 was about SDR 1.49 billion and has been placed to the Fund’s reserves. In accordance with decisions taken in April 2017, a net transfer of currencies amounting to SDR 1.41 billion was made in August 2017 from the GRA to the Investment Account. The placement of the net income to the Fund’s reserves has further strengthened the Fund’s precautionary balances, which reached SDR 16.7 billion at the end of FY 2017."

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

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Author :
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 2014 and FY 2015-2016

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Author :
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 2014 and FY 2015-2016 by :

Download or read book Review of the Fund's Income Position for FY 2014 and FY 2015-2016 written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

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

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Author :
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 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.

The Fund's Income Position for FY 2013—Actual Outcome

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Author :
Publisher : International Monetary Fund
ISBN 13 : 149834142X
Total Pages : 6 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Fund's Income Position for FY 2013—Actual Outcome by : International Monetary Fund. Legal Dept.

Download or read book The Fund's Income Position for FY 2013—Actual Outcome written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2013-08-20 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports the Fund’s income position for FY 2013 following the closing of the Fund’s accounts for the financial year and completion of the external audit. FY 2013 net income, including income from surcharges, amounted to SDR 2.0 billion, and was in line with the April estimate. In accordance with decisions taken in April 2013, a corresponding transfer of currencies has been made from the GRA to the investment account. The placement of the net income to the Fund’s reserves has further strengthened the Fund’s precautionary balances, which reached SDR 11.5 billion at the end of FY 2013.

The Fund's Income Position for FY 2017

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Author :
Publisher :
ISBN 13 : 9781498309714
Total Pages : 7 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis The Fund's Income Position for FY 2017 by : International Monetary Fund. Finance Department

Download or read book The Fund's Income Position for FY 2017 written by International Monetary Fund. Finance Department and published by . This book was released on 2018 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports the Fund's income position for FY 2017 following the closing of the Fund's accounts for the financial year and completion of the external audit. Total FY 2017 net income, including income from surcharges, amounted to SDR 1.9 billion or about SDR 258 million higher than estimated in April, reflecting mainly a larger than anticipated gain reported under IAS 19 (the accounting standard for employee benefits). GRA net income for FY 2017 was about SDR 1.49 billion and has been placed to the Fund's reserves. In accordance with decisions taken in April 2017, a net transfer of currencies amounting to SDR 1.41 billion was made in August 2017 from the GRA to the Investment Account. The placement of the net income to the Fund's reserves has further strengthened the Fund's precautionary balances, which reached SDR 16.7 billion at the end of FY 2017.

The Fund’s Income Position For FY 2020 -- Actual Outcome

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781513563312
Total Pages : 8 pages
Book Rating : 4.5/5 (633 download)

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Book Synopsis The Fund’s Income Position For FY 2020 -- Actual Outcome by : International Monetary Fund

Download or read book The Fund’s Income Position For FY 2020 -- Actual Outcome written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-12-04 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports on the Fund’s income position for FY 2020 following the closing of the Fund’s accounts for the financial year and completion of the external audit. Net operational income was about SDR 1.4 billion, slightly higher than estimated in the April supplement, mainly reflecting higher investment income. However, the unrealized pension-related adjustment in FY 2020, stemming mainly from the actuarial remeasurement of staff retirement plan assets and liabilities, was larger than previously estimated and more than offset the Fund’s net operational income, contributing to an overall net loss of about SDR 1.4 billion for the year.

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

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Author :
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 2013 - Midyear Update

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498339530
Total Pages : 8 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Fund's Income Position for FY 2013 - Midyear Update by : International Monetary Fund. Legal Dept.

Download or read book The Fund's Income Position for FY 2013 - Midyear Update written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2012-12-21 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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

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Author :
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.