IMF Executive Board Approves FY14–16 Medium-Term Budget
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 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.
Source: International Monetary Fund
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