The Fund's Income Position for FY 2021 - Actual Outcome

Actual Outcome ◽

Income Position ◽

The U.S

This paper updates the outlook for the Fund's income position for FY 2010, taking into account developments in the first half of the financial year. The FY 2010 income outlook has improved relative to the baseline projections at the beginning of the year,1 mainly as a result of the combination of higher projected lending income, and lower expenditures, in SDR terms, reflecting the depreciation of the U.S. dollar and a projected underrun in the budget. Net operational income for FY 2010 is projected at about SDR 440 million compared with the previous baseline projection of SDR 290 million in April 2009. However, the actual outcome is subject to considerable uncertainty related to the timing and amounts of disbursements under current and potential new arrangements and the performance of the Investment Account.

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

Policy Papers ◽

10.5089/9781513563312.007 ◽

2020 ◽

Vol 20 (064) ◽

Author(s):

Keyword(s):

External Audit ◽

Retirement Plan ◽

Investment Income ◽

Actual Outcome ◽

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.

Fund's Income Position for FY 2018 Actual Outcome

Policy Papers ◽

10.5089/9781498310185.007 ◽

2018 ◽

Vol 18 (052) ◽

pp. 1

Author(s):

Keyword(s):

Actual Outcome ◽

The Fund's Income Position for FY 2006 - Midyear Review

Policy Papers ◽

10.5089/9781498330800.007 ◽

2005 ◽

Vol 2005 (79) ◽

Author(s):

Keyword(s):

Actual Outcome ◽

This paper presents the Fund’s actual outcome for the first half of FY 2006 together with updated income projections for the year as a whole.

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

Policy Papers ◽

10.5089/9781498309608.007 ◽

2018 ◽

Vol 18 (043) ◽

pp. 1

Author(s):

Keyword(s):

Actual Outcome ◽

The Fund's Income Position for FY 2011 - Midyear Review

Policy Papers ◽

10.5089/9781498336499.007 ◽

2010 ◽

Vol 2010 (50) ◽

Author(s):

Keyword(s):

Actual Outcome ◽

Income Position ◽

Lending Activity

This paper updates the outlook for the IMF’s income position for the financial year 2011 taking into account developments in the first half of the year. The outlook has improved primarily reflecting additional lending activity, which raised the projected average credit outstanding in FY 2011 by about SDR 3 billion to SDR 54 billion. Net operational income for FY 2011 is projected at SDR 328 million, some SDR 126 million higher than the projection in April 2010.1 The actual outcome is subject to considerable uncertainty related to the timing and amounts of disbursements under current and potential new arrangements and the performance of the Investment Account (IA).

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

Policy Papers ◽

10.5089/9781498344227.007 ◽

2015 ◽

Vol 2015 (49) ◽

Author(s):

Keyword(s):

Employee Benefits ◽

Net Income ◽

Fixed Income ◽

External Audit ◽

Accounting Standard ◽

Investment Income ◽

Actual Outcome ◽

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 2009-Midyear Review

Policy Papers ◽

10.5089/9781498333894.007 ◽

2008 ◽

Vol 2008 (27) ◽

Author(s):

Keyword(s):

Financial Markets ◽

Net Income ◽

Actual Outcome ◽

Income Position ◽

Lending Activity

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

The Fund's Income Position for FY 2012--Midyear Review

Policy Papers ◽

10.5089/9781498338172.007 ◽

2011 ◽

Vol 2011 (36) ◽

Author(s):

Keyword(s):

Interest Rate ◽

Global Economy ◽

Actual Outcome ◽

Rate Environment ◽

Income Position ◽

Lending Activity

This paper updates the outlook for the Fund’s income position for FY 2012. The overall outlook is broadly unchanged, with the FY 2012 net operational income now projected at SDR 500 million compared with the projection of SDR 482 million in April 2011. This primarily reflects additional lending activity, which is partially offset by lower implicit returns on the Fund’s interest-free resources owing to the prevailing interest rate environment.1 The actual outcome is subject to considerable uncertainty in light of conditions in the global economy, which could affect the timing and amounts of disbursements under current and potential new arrangements and the performance of the Investment Account (IA).

The Fund's Income Position for FY 2010 - Actual Outcome

Policy Papers ◽

10.5089/9781498337021.007 ◽

2010 ◽

Vol 2010 (99) ◽

Author(s):

Keyword(s):

Net Income ◽

External Audit ◽

Actual Outcome ◽

Income Position ◽

External Auditor

This paper presents the Fund’s net income outcome for FY 2010. The actual outcomes in this paper follow the closing of the Fund’s accounts for the financial year and completion of the FY 2010 external audit conducted by Deloitte & Touche, the Fund’s external auditor. The paper also provides an update on the restructuring costs incurred during FY 2010.