Rate of Charge and Burden Sharing Adjustments issued during:

IMF Rate of Remuneration, Rate of Charge and Burden Sharing Adjustments, October 1, 2001

The rates used by the IMF to pay interest and levy charges for each financial quarter are shown here.

The SDR interest rate, calculated every week, is the primary rate from which other rates are derived. This rate is used to pay interest and levy charges on SDR holdings and SDR allocations, respectively.

The basic rate of remuneration is equal to the SDR interest rate. The basic rate of charge is equal to the SDR interest rate, plus a fixed margin that is set annually by the IMF Executive Board. Both rates are further adjusted under the burden sharing mechanism for the financial consequences of protracted arrears.

Members' remunerated reserve tranche positions are paid interest (remuneration) at the adjusted rate of remuneration. Charges on members' outstanding use of IMF credit are levied at the adjusted rate of charge.

IMF Rate of Remuneration, Rate of Charge and Burden Sharing Adjustments.1
  Rate for      
Current Week  		Average Rate in
Current Quarter 		 Average Rate in
  Previous Quarter
  10/1/01   8/1/01   5/1/01          
  10/7/01   10/7/01   7/31/01          
SDR Interest Rate   2.67     3.19     3.58          
           
Rate of Remuneration:          
Basic Rate   2.67   3.19     3.58          
Adjustment for deferred charges  -0.04 2 -0.04 2 -0.04          
Adjustment for SCA-1  -0.11 2  -0.11 2  -0.11         
           
Adjusted Rate of Remuneration   2.52     3.04     3.43          
           
Rate of Charge:          
Basic rate   3.14 1 3.75 1   4.21         
Adjustment for deferred charges   0.04 2 0.04 2   0.04          
Adjustment for SCA-1   0.10 2   0.10 2   0.10          
           
Adjusted Rate of Charge   3.28   3.89     4.35          
1Effective May 1, 2001, the basic rate of charge is equal to 117.6 percent of the SDR interest rate.
2The final burden sharing adjustments are determined retroactively at the end of a financial quarter. These rates are based on data as of August 31, 2001.