Rate of Charge and Burden Sharing Adjustments issued during:

IMF Rate of Remuneration, Rate of Charge and Burden Sharing Adjustments, October 16, 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     Average Rate in     Average Rate in
         Current Week      Current Quarter     Previous Quarter
      10/16/00   8/1/00   5/1/00
      10/22/00   10/22/00   7/31/00
 
SDR Interest Rate         4.73         4.69         4.43
               
Remuneration:            
    Unadjusted Rate   4.73   4.69   4.43
    Adjustment for deferred charges -0.07 2 -0.07 2 -0.06
    Adjustment for SCA - 1       -0.12 2       -0.12 2       -0.11
               
    Adjusted Rate of Remuneration       4.54         4.50         4.26
               
Rate of Charge:            
    Ordinary Resources:            
       Basic rate   5.48 1 5.43 1 5.13
       Adjustment for deferred charges 0.06 2 0.06 2 0.06
       Adjustment for SCA - 1       0.12 2       0.12 2       0.11
               
       Adjusted Rate of Charge       5.66         5.61         5.30
 
1 Effective May 2, 2000, the proportion of the basic rate of charge is equal to 115.9 percent of the SDR interest rate.
2 The final burden sharing adjustments are determined retroactively at the end of a financial quarter. These rates are provisional and based on data as of September 30, 2000.