Press Release No. 13/180

Press Release: IMF Executive Board Approves FY14–16 Medium-Term Budget

May 17, 2013

The Executive Board of the International Monetary Fund (IMF) has approved the IMF’s financial year (FY) 2014 administrative and capital budgets and endorsed indicative budgets for FY2015–16. The staff paper for the Board is publicly available on the IMF’s website.

The net administrative budget for FY2014 (ending April 30, 2014), which covers all administrative expenses net of receipts (primarily from donors to help support technical assistance activities), has been set at US$1.007 billion. Taking inflation into account, the budget is unchanged in real terms from FY2013. The net administrative budget includes internal reallocations to provide funding for additional activities to assist members directly affected by the ongoing transition in the Middle East and North Africa Region, and ensure the Fund can fulfill its mandate to serve the needs of all members. The FY2014 capital budget, set at US$41 million, provides financing for new capital projects for facilities and Information Technology.

Additional Information can be found in the paper: The Consolidated Medium-Term Income and Expenditure Framework