The Fund's Income Position for FY 2013 - Midyear Update

Policy Papers, December 21, 2012

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The Fund's Income Position for FY 2013 - Midyear Update

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Bibliographic details

• Published: December 21, 2012
• Series: Policy Papers
• Stock No: ISBN

Summary of projections

• Projected net income for FY 2013: SDR 2.1 billion.
• Earlier projection at the beginning of the year: SDR 2.3 billion.
• The projection has been revised slightly downward from the beginning-of-year estimate.

Key drivers of the revision

• Lower projected disbursements under approved arrangements owing to:
  • delays in scheduled drawings; and
  • arrangements expected to expire with substantial undrawn balances.
• Expectation that funding of the gold endowment will not begin until FY 2014.
• Lower implicit returns on the Fund’s interest-free resources due to the prevailing interest rate environment.

Publication metadata

• Publication date: December 21, 2012.
• Format referenced: PDF.

International Monetary Fund — The Fund's Income Position for FY 2013 - Midyear Update.

Content in this bundle

• The Fund’s Income Position for FY 2013—Midyear Update; IMF Policy Paper; December 21, 2012
  • The Fund’s Income Position for FY 2013—Midyear Update; IMF Policy Paper; December 21, 2012 (Markdown version)
  • The Fund’s Income Position for FY 2013—Midyear Update; IMF Policy Paper; December 21, 2012 (PDF)