Press Release No. 14/201

Press Release: IMF Executive Board Approves FY2015–FY2017 Medium-Term Budget

May 6, 2014

On April 28, 2014, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for financial year (FY) 2015, beginning May 1, 2014, and took note of indicative budgets for FY2016–17.

The net administrative budget for FY2015, which covers all administrative expenses net of receipts (primarily from donors to help support technical assistance activities), has been set at US$1.027 billion. Taking inflation into account, the budget is unchanged in real terms for the third year in a row. The changing needs of the IMF’s membership are met within the flat budget through efficiency measures and better utilization and reallocation of existing resources. In particular, resources have been freed up through reallocation to cover additional activities in fragile states and the Middle East, enhanced multilateral surveillance work, strengthened risk management, as well as for additional costs of information technology (IT) and physical security.

The FY2015 capital budget, set at US$51.8 million, provides financing for new capital projects for building facilities and IT.

Additional information can be found in the staff paper:
The FY2015–FY2017 Medium-term Budget.