IMF Executive Board Approves FY2019–FY2021 Medium-Term Budget

May 11, 2018

On April 25, 2018, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for financial year (FY) 2019, beginning May 1, 2018, and took note of indicative budgets for FY2020–21.

The net administrative budget for FY2019, which covers all administrative expenses less receipts (primarily from external sources to help support capacity building activities and excluding lending income), has been set at US$1,135 million. 

The FY2019 budget represents an unchanged resource envelope in real terms for the seventh year in a row, with the exception of a small (0.6 percent) increase in FY2017 to meet rising cyber and physical security costs. To enable the maintenance of a flat budget while accommodating new institutional priorities, reallocation and savings measures amounting to 2½ percent of the previous year’s budget are planned for implementation. As is customary, the nominal dollar budget includes an adjustment to accommodate price increases, 2.3 percent for FY2019.

The FY2019 capital budget, set at US$71 million, provides financing for new capital projects for building facilities and IT.

Additional information can be found in the staff paper: The FY2019–FY2021 Medium-Term Budget.
IMF Communications Department
MEDIA RELATIONS

PRESS OFFICER: Andrew Kanyegirire

Phone: +1 202 623-7100Email: MEDIA@IMF.org