## IMF Executive Board Approves FY2020–FY2022 Medium-Term Budget

_IMF News, April 22, 2019_

## Source details

**Canonical URL:** [IMF Executive Board Approves FY2020–FY2022 Medium-Term Budget](https://www.imf.org/en/news/articles/2019/04/22/pr19122-imf-executive-board-approves-fy2020-fy2022-medium-term-budget)

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## Bibliographic details
- Published: April 22, 2019

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### Summary of board action and timing
- 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

### FY2020 administrative budget: key figures and context
- 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 and reallocation
- 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
- 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.

### Contact and publication details
- 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.*

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## References

- [https://www.imf.org/-/media/images/imf/bios/imfboard.jpg](https://www.imf.org/-/media/images/imf/bios/imfboard.jpg)
- [The Executive Board](https://www.imf.org/external/np/sec/memdir/eds.aspx)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/Publications/Policy-Papers/Issues/2019/04/22/FY2020FY2022-Medium-Term-Budget-46821](https://www.imf.org/en/Publications/Policy-Papers/Issues/2019/04/22/FY2020FY2022-Medium-Term-Budget-46821)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2019/04/22/pr19122-imf-executive-board-approves-fy2020-fy2022-medium-term-budget_