Review of the Adequacy of the Fund's Precautionary Balances
Prepared by the Finance DepartmentApproved by Andrew Tweedie
August 24, 2010
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Contents |
Executive Summary
- Introduction
- Stocktaking and Recent Developments
- A New Framework For Assessing Reserve Adequacy
- Assessment of the Adequacy of Precautionary Balances
- Conclusions and Issues for Discussion
Tables
- Financial Risk Mitigation in the Fund
- Current vs. 2008 Review
- Precautionary Balances in the GRA, 2002-2010
- IMF and Other IFIs: Reserve Ratios
- Considerations Bearing on the Fund's Need for Precautionary Balances
- Target for Precautionary Balances with a Built-In Floor
- Illustrative Scenarios: Implications for Burden Sharing and Precautionary Balances
Figures
- Total Commitments, Credit Outstanding, and Credit Concentration
- Precautionary Balance Ratios, FY 2000-10
- IMF Relative to Other IFIs: Reserve Adequacy and Concentration
- Alternative Credit Measures, FY 2002-2010
- Target Range for Precautionary Balances with a Built-In Floor
- The Fund's Precautionary Balances, FY 1993-2016
- Precautionary Balances to Credit, FY09-15
Boxes
- The Composition of the Fund's Precautionary Balances
- Precautionary Balances Help Safeguard the Fund's Financing Mechanism
- Experience with Drawings under Precautionary Arrangements
Annexes
- Overview of other IFIs' Capital Adequacy Policies and Practices
- Illustration of Applying the Basel II Framework to the Fund
- Stress Testing the Impact of Charges in Arrears