Rate of Charge and Burden Sharing Adjustments issued during:

IMF Rate of Remuneration, Rate of Charge and Burden Sharing Adjustments, January 30, 2000

The rates used by the IMF to pay interest and levy charges for each financial quarter are shown here.

The SDR interest rate, calculated every week, is the primary rate from which other rates are derived. This rate is used to pay interest and levy charges on SDR holdings and SDR allocations, respectively.

The basic rate of remuneration is equal to the SDR interest rate. The basic rate of charge is equal to the SDR interest rate, plus a fixed margin that is set annually by the IMF Executive Board. Both rates are further adjusted under the burden sharing mechanism for the financial consequences of protracted arrears.

Members' remunerated reserve tranche positions are paid interest (remuneration) at the adjusted rate of remuneration. Charges on members' outstanding use of IMF credit are levied at the adjusted rate of charge.

IMF Rate of Remuneration, Rate of Charge and Burden Sharing Adjustments.1
  Rate for
Current Week
1/24/00
1/30/00		    Average Rate in
Current Quarter
11/1/99
1/30/00		    Average Rate in
Previous Quarter
8/1/99
10/31/99		   
 
SDR Interest Rate       3.92         3.82         3.45  
 
Remuneration:
   Unadjusted Rate 3.92   3.82   3.45  
   Adjustment for deferred charges -0.04 2 -0.04 2 -0.04  
   Adjustment for SCA - 1       -0.13 2       -0.13 2       -0.12  
 
   Adjusted Rate of Remuneration       3.75         3.65         3.29  
 
Rates of Charge:
   Ordinary Resources:
      Basic rate 4.46 1 4.34 1 3.92 1
      Adjustment for deferred charges 0.04 2 0.04 2 0.03  
      Adjustment for SCA - 1       0.12 2       0.12 2       0.12  
 
   Adjusted Rate of Charge       4.62         4.50         4.07  
 1Effective May 1, 1999, the proportion of the basic rate of charge is equal to 113.7 percent of the SDR interest rate.
2The final burden sharing adjustments are determined retroactively at the end of a financial quarter. These rates are provisional and based on data as of December 31, 1999.