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International Monetary Fund. Office of Budget and Planning

administrative budget for FY 2021, which covers all administrative expenses less receipts (primarily from external sources to help support capacity building activities and excluding lending income), has been set at US$1,186 million. The approved FY 2021 budget represents an unchanged resource envelope in real terms for the ninth year in a row, measured relative to the IMF’s budget deflator, with the exception of a small (0.6 percent) increase in FY 2017 to meet rising information and physical security costs. At the same time, in light of immediate crisis-related needs, the

International Monetary Fund. Office of Budget and Planning
Amidst the unfolding COVID-19 crisis, the Fund faces twin challenges. Signs of early crisis recovery are uneven across countries, and many face daunting crisis legacies. At the same time, longer term challenges from climate change, digitalization and increasing divergence within and between countries demand stepped up effort by the Fund within its areas of expertise and in partnership with others. FY 22-24 budget framework. Considering these challenges and following a decade of flat real budgets, staff will propose a structural augmentation for consideration by fall 2021 to be implemented over two to three years beginning in FY 23. Recognizing the importance of ongoing fiscal prudence, the budget would remain stable thereafter on a real basis at a new, higher level. FY 22 administrative budget. The proposed FY 22 budget sustains crisis response and provides incremental resources for long-term priorities within the flat real budget envelope. The budget is built on extensive reprioritization; savings, including from modernization; and a proposed temporary increase in the carry forward ceiling to address crisis needs during the FY 22 to FY 24 period. Capital budget. Large-scale business modernization programs continue to be rolled out, strengthening the agility and efficiency of the Fund’s operations. In response to the shift towards cloud-based IT solutions, staff propose a change in the budgetary treatment of these expenses. Investment in facilities will focus on timely updates, repairs, and modernization, preparing for the post-crisis Fund where virtual engagement and a new hybrid office environment play a larger role. Budget sustainability. The FY 22–24 medium-term budget framework, including assumptions for a material augmentation, is consistent with a projected surplus in the Fund’s medium-term income position and with continued progress towards the precautionary balance target for coming years. Budget risks. In the midst of a global crisis, risks to the budget remain elevated and above risk acceptance levels, including from uncertainty around the level of demand for Fund programs and ensuing staffing needs, as well as future donor funding for CD. Enterprise risk management continues to be strengthened with this budget.
International Monetary Fund. Secretary's Department

Budget and Income Medium-term budget In April 2018 the Executive Board authorized a net administrative budget for FY 2019 of $1,135 million, along with indicative budgets for FY2020 and FY2021 (the latter two years have been updated in Table 3.1 to reflect latest Board approved FY2020 and indicative FY2021 budgets). Reflecting a prudent approach, this was the seventh year in a row that the IMF’s budget remained fat, despite increased demands placed on the institution and a robust medium-term income position. The Board also approved a limit on gross

International Monetary Fund. Office of Budget and Planning

Executive Board’s consideration on April 27, 2021. The IMF’s transparency policy allows for the deletion of market-sensitive information and premature disclosure of the authorities’ policy intentions in published staff reports and other documents. Electronic copies of IMF Policy Papers are available to the public from http://0-www-imf-org.library.svsu.edu/external/pp/ppindex.aspx International Monetary Fund Washington, D.C . © 2021 International Monetary Fund Press Release PR21/145 IMF Executive Board Approves FY 2022–FY 2024 Medium-Term Budget FOR IMMEDIATE

International Monetary Fund. African Dept.

and Reporting Joint World Bank and IMF Work Program AS of April 30, 2014 Title Products Provisional Timing of Missions Expected Delivery Date A. Mutual Information on Relevant Work Programs World Bank indicative work program in the next 12 months 1. Morupule B Generation and Transmission Power Project (SIL/PCG Approved in FY10; ongoing 2. HIV/AIDS Project Approved FY09; ongoing 3. Integrated Transport Project Approved FY09; ongoing 4. Northern Botswana Human

International Monetary Fund

work program in the next 12 months 1. Morupule B Generation and Transmission Power Project (SIL/PCG Approved in FY10; ongoing 2. HIV/AIDS Project Approved FY09; ongoing 3. Integrated Transport Project Approved FY09; ongoing 4. Northern Botswana Human-Wildlife Coexistence (Global Environment Facility) Approved FY10; ongoing 5. Development Policy Review (DPR): Competitiveness, Diversification and Growth FY12; completed 6. Fee-Based Technical Advisory Services for Water Sector Reform (Phase 3) FY13

International Monetary Fund. Office of Budget and Planning

Executive Board’s consideration on April 28, 2022. The IMF’s transparency policy allows for the deletion of market-sensitive information and premature disclosure of the authorities’ policy intentions in published staff reports and other documents. Electronic copies of IMF Policy Papers are available to the public from http://0-www-imf-org.library.svsu.edu/external/pp/ppindex.aspx International Monetary Fund Washington, D.C. © 2021 International Monetary Fund Press Release PR22/174 IMF Executive Board Approves FY2023–FY2025 Medium-Term Budget FOR IMMEDIATE

International Monetary Fund. African Dept.

Jun 2018 Aug 2018 Jul 2018 Jul 2018 Sep 2018 Nov 2017 Nov 2018 Approved Approved FY2019 FY2019 FY2019 FY2019 Approved Approved FY2019 IMF work program in the next 12 months ECF sixth review Technical Assistance from (1) FAD/LEG/AFRITAC: ⚪ Tax policy (VAT) ⚪ Revenue administration ⚪ PFM (2) MCM: ⚪ Bank resolution ⚪ Banking supervision Oct-Nov 2018 FY2019 FY2019 FY2019 FY2019 FY2019 FY2019 FY2019 FY2019 FY2019 FY2019 FY2019 B. Requests for

International Monetary Fund

utilities, and gratuities for retirees. Capital spending for the year was also in line with the target, despite slow project execution early in the year. As a result, the primary surplus reached 7.3 percent of GDP in FY 2005/06, compared with a program target of 3 percent. 4. Considerable progress has been achieved in implementing structural reforms ( Table 3 ) . The approved FY 2006/07 budget was presented within a three-year budgeting framework; it envisages a primary surplus target of 3 percent of GDP, consistent with the program, and includes the implementation