## Update on Finances and Operations

## Source details

**Canonical URL:** [Update on Finances and Operations](https://www.imf.org/-/media/files/capacity-developement/d4d/june-2023/09-d4d-fund-financials-june-2023.pdf)

## Other formats

- [Markdown version](/-/media/files/capacity-developement/d4d/june-2023/09-d4d-fund-financials-june-2023.pdf.md)
- [Structured JSON version](/-/media/files/capacity-developement/d4d/june-2023/09-d4d-fund-financials-june-2023.pdf.json)

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### Partner Contributions (in Million of US Dollars)
- Partners signed contribution agreements of US$31.7 million.
- Almost 96 percent of signed contributions, US$30.5 million, have been received.
- A “technical” funding gap of $0.3 million against the actual budget remains.
- Signed contribution agreements in US$ as of April 30, 2023.

### Budget Execution
- Total execution against approved budget, as of April 30, 2023.
- Execution has recovered to pre-pandemic levels for the D4D Fund—in in line with overall experience with IMF CD.

### Budget for the upcoming 18 months
- FY2019-25Q2 Proposed Indicative Budget by Module (in US$, as of May 1, 2023).

### Cash Flow Projections / Liquidity (in Million of US Dollars)
- Projections as of April 30, 2023.
- FY 2024 and FY 2025 projected outflows represent indicative budget per work plan.
- Expenses for FY 2025 include the two months of FY 2026 until June 2025.
- Total Net Inflows = Total Net Received Contributions + Regular Transfers - Return to Donors.

### Resource mobilization for Phase II
- Prefinancing: The IMF’s model for external CD funding requires multi-year prefinancing, to match the multi-year commitments vis-à-vis CD recipients and staff/advisors.
- The goal is to sign multi-year contribution agreements (Letter of Understandings) and receive first contributions well ahead before the start of the next Phase on July 1, 2025 to ensure uninterrupted CD delivery.
- Timeline highlights:
  - Mid-term evaluation: January 2023 (Close remaining funding gap).
  - Q3 2024: New Program Document incl. budget.
  - First Agreements Signed.
  - First Contributions Received.
  - Start Phase II: July 1, 2025.

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_Source: https://www.imf.org/-/media/files/capacity-developement/d4d/june-2023/09-d4d-fund-financials-june-2023.pdf_