Review of the Fund's Income Position for FY2008 and FY2009

Review of the Fund's Income Position for FY2008 and FY2009
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
Total Pages: 26
Release: 2008-04-14
Genre: Business & Economics
ISBN: 1498334628

This paper provides the basis for the annual review of the Fund’s income position, including a review of the system of special charges. The paper also sets out proposed decisions relating to the Fund’s income position for FY 2008 and FY 2009. The review takes account of the recent discussions in the Executive Board on the new income model for the Fund. The paper is structured as follows: Section II reviews the Fund’s FY 2008 income position, provides an explanation of key variances from projections, and discusses the impact of restructuring costs on the income position; Section III makes proposals for the disposition of investment income and the General Resources Account (GRA) income position; Section IV outlines updated projections and proposes a margin for the rate of charge for FY 2009; Section V provides an update on the burden sharing mechanism; and Section VI reviews special charges.

Review of the Fund's Income Position for FY 2009 and FY 2010

Review of the Fund's Income Position for FY 2009 and FY 2010
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
Total Pages: 33
Release: 2009-04-14
Genre: Business & Economics
ISBN: 1498336078

This paper reviews the Fund’s income position for FY 2009 and FY 2010. The proposals build on previous discussions relating to implementation of the new income model, the framework for accumulating precautionary balances, and the recent reform of the Fund’s lending toolkit. The paper is structured as follows: Section II reviews the income position for FY 2009 and explains the main changes from the projections at the midyear review; Section III makes proposals that pertain to the FY 2009 income position, including the disposition of investment income, the overall income position of the General Resources Account (GRA), and the annual reimbursement of the GRA for the expenses of conducting the business of the SDR Department and the MDRI-I Trust; Section IV reviews the FY 2010 income outlook, including the margin for the rate of charge; Section V reviews the burden sharing mechanism; and Section VI reviews special charges.

The Fund's Income Position for FY 2009-Midyear Review

The Fund's Income Position for FY 2009-Midyear Review
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
Total Pages: 14
Release: 2008-05-12
Genre: Business & Economics
ISBN: 1498333893

This paper reviews the outlook for the Fund’s income position for the financial year 2009 taking into account developments through the first half of the year. The FY 2009 income outlook has improved, mainly as a result of new lending activity associated with the turmoil in global financial markets, together, to a lesser extent, with stronger-than-projected returns in the Investment Account (IA) in the first half of the financial year. The updated projections indicate that the net income position would be slightly positive in FY 2009. However, the actual outcome remains subject to considerable uncertainty related to the timing and amounts of disbursements under current arrangements, as well as potential new arrangements and the performance of the IA

Review of the Fund's Income Position for FY2007 and FY200

Review of the Fund's Income Position for FY2007 and FY200
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 39
Release: 2007-09-04
Genre: Business & Economics
ISBN: 149833363X

The review of income for the year ended April 30, 2007 (FY07) builds on the midyear income review and the February 2007 meeting of the Committee on the Budget

Review of the Fund's Income Position for FY2006 and FY2007

Review of the Fund's Income Position for FY2006 and FY2007
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
Total Pages: 43
Release: 2006-12-04
Genre: Business & Economics
ISBN: 1498332730

This paper provides the basis of the Executive Board's annual review of the Fund's income position, the burden-sharing mechanism, and the system of special charges, and makes proposals for the rate of charge in FY07.

The Fund's Income Position for FY2007 - Midyear Review

The Fund's Income Position for FY2007 - Midyear Review
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
Total Pages: 16
Release: 2006-07-12
Genre: Business & Economics
ISBN: 1498331963

In March and April this year, Executive Directors had wide-ranging discussions on the Fund’s income outlook, which has changed significantly following the recent sharp decline in credit outstanding. Directors supported the proposal for a two-pronged strategy that would involve, first, immediate steps to address the projected income shortfall in FY2007 under current policies and within the framework of the FY2007 budget and, second, development of a broader work plan on the options to ensure a stable and sustainable income base.

Review of the Fund's Income Position for FY 2012 and FY 2013-14

Review of the Fund's Income Position for FY 2012 and FY 2013-14
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
Total Pages: 40
Release: 2012-12-04
Genre: Business & Economics
ISBN: 1498340709

This paper reviews the Fund’s income position for FY 2012 and FY 2013?14.1 The paper updates projections provided at the FY 2012 midyear review and proposes decisions for the current and next two financial years. These decisions include setting the margin for the rate of charge under the new Rule I-6(4) that the Executive Board adopted in December 2011.2 The new rule is based on principles endorsed by the Executive Board in April 2008 and that have guided decisions on setting the margin since FY 2009. Section II reviews the FY 2012 income position and main changes from the midyear projections; Section III makes proposals on the disposition of net income, and placement to reserves; Section IV discusses the margin on the rate of charge for FY 2013?14, the income outlook for that period, and projected burden sharing adjustments; and Section V reviews special charges.

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

Review of the Fund's Income Position for FY 2011 and FY 2012
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
Total Pages: 40
Release: 2011-07-04
Genre: Business & Economics
ISBN: 1498339050

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.

Review of the Fund’s Income Position for FY 2010 and FY 2011

Review of the Fund’s Income Position for FY 2010 and FY 2011
Author: International Monetary Fund. Strategy, Policy, & Review Department
Publisher: International Monetary Fund
Total Pages: 39
Release: 2010-04-23
Genre: Business & Economics
ISBN: 149833752X

Securing the recovery. The global recovery has been better than expected. The WEO projections see global output expanding by about 41⁄4 percent in 2010 and 2011. Extraordinary and coordinated policy intervention since the crisis has all but eliminated the risk of another Great Depression, laying the foundation for recovery. Nevertheless, the recovery is proceeding at varying speeds—it is tepid and policy-dependent in many advanced economies, but solid in most emerging and developing economies.