IMF Executive Board Approves FY2020–FY2022 Medium-Term Budget

IMF News, April 22, 2019

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Canonical URL: IMF Executive Board Approves FY2020–FY2022 Medium-Term Budget

On April 5, 2019, the Executive Board approved the IMF’s administrative and capital budgets for financial year (FY) 2020, beginning May 1, 2019, and took note of indicative budgets for FY2021–22.
Press Release No. 19/122
Date on page: April 22, 2019

Net administrative budget for FY2020: US$1,158 million.
The FY2020 budget represents an unchanged resource envelope in real terms for the eighth year in a row, measured relative to the IMF’s budget deflator, except for a small (0.6 percent) increase in FY2017 to meet rising cyber and physical security costs.
The nominal dollar budget includes an adjustment to accommodate price increases: 2.6 percent for FY2020.
To accommodate priority shifts within unchanged resources, reallocation and savings measures amounting to 3 percent of the previous year’s budget are planned for implementation.

Budget priorities for FY2020 include:
- Increased resources to country work, notably in low-income countries and fragile states.
- Work on governance and the fight against corruption.
- Macro-financial surveillance.
To fund these priorities within the unchanged real resource envelope, the IMF will implement reallocation and savings measures totaling 3 percent of the previous year’s budget.

FY2020 capital budget: US$86 million.
Purpose: financing for capital projects for building facilities and IT, including major projects to overhaul work practices and introduce modern digital platforms and tools.

IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: Andrew Kanyegirire
Phone: +1 202 623-7100
Email: MEDIA@IMF.org
Additional information referenced: staff paper URL — https://www.imf.org/en/Publications/Policy-Papers/Issues/2019/04/22/FY2020FY2022-Medium-Term-Budget-46821

Source: IMF press release, April 22, 2019.