The Fund’s Income Position For FY 2020 -- Actual Outcome

International Monetary Fund

No 2020/064, IMF Policy Papers from International Monetary Fund

Abstract: This paper reports on the Fund’s income position for FY 2020 following the closing of the Fund’s accounts for the financial year and completion of the external audit. Net operational income was about SDR 1.4 billion, slightly higher than estimated in the April supplement, mainly reflecting higher investment income. However, the unrealized pension-related adjustment in FY 2020, stemming mainly from the actuarial remeasurement of staff retirement plan assets and liabilities, was larger than previously estimated and more than offset the Fund’s net operational income, contributing to an overall net loss of about SDR 1.4 billion for the year.

Keywords: PP; SDR billion; SDR millions; Fixed-Income Subaccount; about SDR; SDR exchange rate; net IAS; plan asset performance; Personal income; Budget planning and preparation; Financial statements (search for similar items in EconPapers)
Pages: 8
Date: 2020-12-04
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfpps:2020/064

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