{
  "title": "Press Release: IMF Executive Board Approves FY11 Budgets, Completing Three-Year Fund Restructuring",
  "publication": "IMF News, April 20, 2010",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr10161",
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  "summary": "The Executive Board approved the IMF’s FY2011 administrative and capital budgets, completing a three-year restructuring exercise.",
  "publishDate": "2010-04-20",
  "sections": [
    {
      "heading": "Executive Board decision and restructuring outcomes",
      "content": "- The Executive Board approved the IMF’s FY2011 administrative and capital budgets, completing a three-year restructuring exercise.\n- The restructuring produced savings of US$100 million in real terms.\n- The restructuring resulted in a reduction of 380 staff positions."
    },
    {
      "heading": "Approved budgets and key figures",
      "content": "- Administrative budget (net of receipts) for the financial year ending April 30, 2011: US$891 million.\n- Capital budget for the financial year ending April 30, 2011: US$48 million.\n- The IMF’s medium-term deficit, previously projected at US$400 million a few years ago, has been cut to zero."
    },
    {
      "heading": "Medium-term outlook and budget assumptions",
      "content": "- The Executive Board took note of the indicative administrative budgets for FY2012 and FY2013 and the three-year capital plan for the FY2011-FY2013 period.\n- The outer years of the medium-term budget reflect some uncertainty related to the impact of the global financial crisis and the future role of the institution.\n- For now, the outer years of the budget (FY2012 and FY2013) are built on an assumption of zero growth; this assumption will be revisited after discussions on the future role of the Fund have been concluded."
    },
    {
      "heading": "Board actions and next steps",
      "content": "- Approval of FY2011 budgets finalizes the three-year restructuring effort.\n- Indicative budgets for FY2012 and FY2013 and the FY2011-FY2013 capital plan were noted; further revisions depend on outcomes of discussions about the Fund’s future role.\n\nSource: Press Release: IMF Executive Board Approves FY11 Budgets, Completing Three-Year Fund Restructuring (April 20, 2010).\n\n---\n\n\n References\n\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr10161"
    }
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    "Published: April 20, 2010",
    "The Executive Board approved the IMF’s FY2011 administrative and capital budgets, completing a three-year restructuring exercise.",
    "The restructuring produced savings of US$100 million in real terms.",
    "The restructuring resulted in a reduction of 380 staff positions.",
    "Administrative budget (net of receipts) for the financial year ending April 30, 2011: US$891 million.",
    "Capital budget for the financial year ending April 30, 2011: US$48 million.",
    "The IMF’s medium-term deficit, previously projected at US$400 million a few years ago, has been cut to zero.",
    "The Executive Board took note of the indicative administrative budgets for FY2012 and FY2013 and the three-year capital plan for the FY2011-FY2013 period.",
    "The outer years of the medium-term budget reflect some uncertainty related to the impact of the global financial crisis and the future role of the institution.",
    "For now, the outer years of the budget (FY2012 and FY2013) are built on an assumption of zero growth; this assumption will be revisited after discussions on the future role of the Fund have been concluded.",
    "Approval of FY2011 budgets finalizes the three-year restructuring effort.",
    "Indicative budgets for FY2012 and FY2013 and the FY2011-FY2013 capital plan were noted; further revisions depend on outcomes of discussions about the Fund’s future role.",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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