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IMF Executive Board Approves FY2020–FY2022 Medium-Term Budget

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Via IMF (Den Internationale Valutafond)

IMF Executive Board Approves FY2020–FY2022 Medium-Term Budget







April 22, 2019
















On April 5, 2019, the Executive Board of the International Monetary Fund
(IMF) 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.

The net administrative budget for FY2020, which covers all administrative
expenses less receipts (primarily from external sources to help support
capacity building activities and excluding lending income), has been set at
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, with the exception of a small (0.6 percent) increase
in FY2017 to meet rising cyber and physical security costs. The budget
priorities for FY2020 include increased resources to country work,
notably in low-income countries and fragile states, the work on
governance and the fight against corruption, and macro-financial
surveillance. To accommodate this with unchanged resources,
reallocation and savings measures amounting to 3 percent of the
previous year’s budget are planned for implementation. As is customary,
the nominal dollar budget includes an adjustment to accommodate price
increases, 2.6 percent for FY2020.

The FY2020 capital budget, set at US$86 million, provides financing for
capital projects for building facilities and IT. This includes major
projects to overhaul work practices and introduce modern digital platforms
and tools.

Additional information can be found in the staff paper:

https://www.imf.org/en/Publications/Policy-Papers/Issues/2019/04/22/FY2020FY2022-Medium-Term-Budget-46821
.


IMF Communications Department
MEDIA RELATIONS

PRESS OFFICER: Andrew Kanyegirire

Phone: +1 202 623-7100Email: MEDIA@IMF.org






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