Search Results

You are looking at 1 - 10 of 227 items for :

  • "SDR billion" x
Clear All
International Monetary Fund
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.
International Monetary Fund

,492 Memorandum Items: Fund credit (average stock, SDR billions) 80.9 74.3 SDR interest rate (average, in percent) 0.2 0.1 US$/SDR exchange rate (average) 1.50 1.48 Precautionary balances (end of period, SDR billions) 15.2 14.0 Source: Finance Department and Office of Budget and Planning 1/ Review of the Fund’s Income Position for FY 2014 and FY 2015–2016 (4/7/14) . 2/ Interest free resources reduce the Fund’s costs and therefore provide implicit returns. Since the Fund invests its reserves in the IA to

International Monetary Fund

/ -13 Net income position 6/ 1,492 1,625 Memorandum Items: Outstanding Fund credit (average balances, SDR billions) 743 742 SDR interest rate (average, in percent) 0.1 0.1 US$/SDR exchange rate (average) 1.48 1.47 Precautionary balances (end of period, SDR billions) 14.0 14.2 Source: Finance Department and Office of Budget and Planning 1/ See Review of the Fund’s Income Position for FY 2015 and FY 2016. 2/ Interest free resources reduce the Fund’s costs and

International Monetary Fund

683       Net administrative expenditures 400 643 643       Capital budget items expensed 2 7 7       Depreciation 14 33 33 C. Net operational income position (A-B) 124 1,106 914       Surcharges 621 1,216 1,155        Net income position 745 2,322 2,069 Memorandum Items:       Fund credit (average stock, SDR billions) 92.7 100.6 93.3       SDR interest rate (in percent) 0.1 0.3 0.1       US$/SDR exchange rate 1.52 1

International Monetary Fund
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.