2021-11-23-IMF-The_Fund_39_s_Income_Position_for_FY_2021_-_Actual_Outcome_10页_375kb

IMF Income Position for FY 2021 - Actual Outcome Summary

• Net Income: Actual net income was SDR 4.812 billion, SDR 734 million higher than the April 2021 projection.

• Key Contributors to Increase: The main increase resulted from a remeasurement gain under IAS 19 (SDR 658 million more than anticipated) and higher endowment subaccount returns (SDR 177 million above projections).

• Operational Income: Lending income was SDR 1.983 billion, slightly below projection; investment income from the fixed-income subaccount was SDR 86 million, lower than expected due to U.S. Treasury bond yield increases.

• Expenses: Total expenses reached SDR 1.203 billion, SDR 76 million higher than projected, driven by increased pension costs and administrative expenditures.

• Reserves: The Fund's reserves increased with net income, and precautionary balances reached SDR 20 billion.

• Decisions: Decisions from April 2021 authorize a net transfer of SDR 2.4 billion from GRA to the investment account in FY 2022 to replenish reserves and cover expenses.