The Fund's Medium-Term Income - Outlook and Options

Policy Papers, February 17, 2006

Source details

Publication date: February 17, 2006
Core finding: The paper puts forward a number of measures which, if implemented, would eliminate the income gap in FY07.
Residual challenge: These measures still leave a large financing gap moving forward.
Main conclusion: Further work is needed to examine mechanisms for financing the Fund’s operations in the medium-term in a manner that ensures that the Fund has a sound financial basis to operate without relying on sharp growth in lending.

Proposed measures would eliminate the income gap in FY07.
Despite eliminating the FY07 income gap, a large financing gap would remain in subsequent years.
The Fund’s medium-term financial position cannot be safeguarded solely by expectations of sharp growth in lending.

Implement the measures proposed in the paper to address the FY07 income gap.
Undertake additional work to identify and evaluate mechanisms to finance the Fund’s medium-term operations.
Ensure any financing approach provides a sound financial basis for the Fund without dependence on sharp increases in lending activity.

Examine alternative financing mechanisms for medium-term operations.
Assess the sustainability and robustness of proposed financing options against scenarios where lending does not grow sharply.

International Monetary Fund. The Fund's Medium-Term Income - Outlook and Options (February 17, 2006).

The Fund’s Medium-Term Income-Outlook and Options; February 17, 2006
- The Fund’s Medium-Term Income-Outlook and Options; February 17, 2006 (Markdown version)
- The Fund’s Medium-Term Income-Outlook and Options; February 17, 2006 (PDF)