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

_Policy Papers, February 17, 2006_

## Source details

**Canonical URL:** [The Fund's Medium-Term Income - Outlook and Options](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/the-fund-s-medium-term-income-outlook-and-options-pp555)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/the-fund-s-medium-term-income-outlook-and-options-pp555/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/the-fund-s-medium-term-income-outlook-and-options-pp555/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/the-fund-s-medium-term-income-outlook-and-options-pp555/bundle-manifest.json)

## Bibliographic details
- Published: February 17, 2006
- Series: Policy Papers
- Stock No: ISBN

---

### Summary
- 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.

### Findings on income and financing
- 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.

### Policy implications and options
- 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.

### Recommended next steps
- 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).*

---

## Content in this bundle

- **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)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2006/_021706.pdf.md){rel="alternate" type="text/markdown"}
  - [The Fund’s Medium-Term Income-Outlook and Options; February 17, 2006 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2006/_021706.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/the-fund-s-medium-term-income-outlook-and-options-pp555_