The FY 19 budget proposal is formulated against the backdrop of a strengthening global recovery and broadly balanced near term risks. The budget reflects a solid income position and a multi-year strategic agenda-operationalized in the Global Policy Agenda (GPA) and Board Work Program-to help...

This paper reviews the experience with the fiscal space assessment framework that was piloted during 2017-18. In 2016, staff proposed an operational definition of fiscal space and a new four-stage framework for its assessment. These were discussed informally by the Board in June, and a Board...

On April 27, 2020, the Executive Board of the International Monetary Fund (IMF) approved the IMF's administrative and capital budgets for financial year (FY) 2021, beginning May 1, 2020, and took note of indicative budgets for FY 2022-23

The Executive Board of the International Monetary Fund approved the 2025-27 financial years (FY25-27) medium-term budget. While the global economy has shown resilience to successive adverse shocks, the overall global economic context remains complex with slow and uneven growth, increased...

For the net administrative budget, the FY 16-18 medium-term budget (MTB) proposal includes: In FY 16, an unchanged budget envelope in real terms, for the fourth year in a row. To accommodate new and ongoing strategic priorities of the Fund within a flat envelope, efforts to reallocate resources...

The net administrative budget for FY2017 has been set at USD 1,072.5 million. After four years of zero real growth, the FY 2017 budget includes an increase of 1\2 percent in constant dollar terms to cover the institution's rising IT and physical security costs, as well as a small adjustment for...