IMF Financial Operations 2015

• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2015
• Edizione: Sixth edition.
• Descrizione fisica: 1 online resource (183 pages) : illustrations (some color), tables
• Disciplina: 332.15
• Soggetto topico: Financial institutions, International; Banks and banking, International; Banks and Banking; Financial Risk Management; Macroeconomics; Money and Monetary Policy; Social Services and Welfare; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems; Debt; Debt Management; Sovereign Debt; Government Policy; Provision and Effects of Welfare Program; Monetary Policy, Central Banking, and the Supply of Money and Credit: General; Personal Income, Wealth, and Their Distributions; Aggregate Factor Income Distribution; Monetary economics; Finance; Social welfare & social services; International economics; Currencies; Debt relief; Credit; Personal income; Poverty reduction strategy; Money; Asset and liability management; National accounts; Freely usable currencies; Poverty; Income; Debts, External
• Soggetto geografico: United States
• Nota di contenuto: Cover -- Contents -- Preface -- Acknowledgments -- Abbreviations -- 1. Overview of the IMF as a Financial Institution -- 1.1 Role and Purposes of the IMF -- 1.2 Evolution of the IMF's Financial Structure -- 1.3 Measures Taken since the Onset of the Financial Crisis -- 1.3.1 Borrowing -- 1.3.2 Quotas -- 1.3.3 SDRs -- 1.3.4 General Lending Framework -- 1.3.5 Resources and Lending to Low-Income Countries -- 1.4 The IMF's Financial Structure and Lending Mechanisms -- 1.4.1 Nonconcessional Financing (Chapter 2) -- 1.4.2 Concessional Financing (Chapter 3) -- 1.4.3 The SDR (Chapter 4) -- 1.4.4 Income Generation (Chapter 5) -- 1.4.5 Financial Risk Management (Chapter 6) -- 1.5 Information Sources on IMF Finances -- 1.5.1 IMF Website -- 1.5.2 Contacts in the Finance Department -- Additional Reading -- 2. Nonconcessional Financial Operations -- 2.1 Financing Nonconcessional Lending Operations: Resources and Liabilities -- 2.1.1 Quotas -- 2.1.2 The Quota Formula -- 2.1.3 Quota Increases under General Reviews -- 2.1.4 Ad Hoc Quota Increases -- 2.1.5 Recent Quota, Voice, and Governance Reforms -- 2.1.6 Borrowing by the IMF -- 2.2 The IMF's Financing Mechanism -- 2.2.1 The Financial Transactions Plan -- 2.2.2 NAB Resource Mobilization Plan -- 2.3 The Asset Side -- 2.3.1 Financial Policies and Facilities: The GRA Lending Toolkit -- 2.3.2 Credit Outstanding -- 2.3.3 Gold Holdings -- 2.4 The IMF's Balance Sheet and Income Statement -- 2.4.1 The Balance Sheet -- 2.4.2 Operational Income -- 2.4.3 Operational Expenses -- 2.4.4 Administrative Expenses -- 2.4.5 Net Income -- 2.4.6 Valuation of Currencies -- 2.5 Special Disbursement Account -- 2.6 IMF Accounts in Member Countries -- 2.6.1 Disclosure of Financial Position with the IMF by Member Countries -- Additional Reading -- 3. Financial Assistance for Low-Income Countries. ; 3.1 The Evolution of Concessional Lending -- 3.2 Poverty Reduction and Growth Trust -- 3.2.1 PRGT Terms -- 3.2.2 PRGT Eligibility -- 3.3 Heavily Indebted Poor Countries Initiative -- 3.3.1 HIPC Eligibility and Qualification Criteria -- 3.3.2 Provision of Debt Relief -- 3.4 Multilateral Debt Relief Initiative -- 3.5 Catastrophe Containment and Relief Trust -- 3.6 Financing Concessional Assistance and Debt Relief -- 3.6.1 Financing Structure -- 3.6.2 Framework for Concessional Lending -- 3.6.3 Resources for Concessional Lending -- 3.6.4 Self-Sustained PRGT -- 3.6.5 Framework for Debt Relief -- 3.6.6 Resources for Debt Relief -- Additional Reading -- 4. Special Drawing Rights -- 4.1 Background and Characteristics of the SDR -- 4.2 Valuation of the SDR -- 4.2.1 SDR Basket -- 4.2.2 Current SDR Valuation Method -- 4.3 The SDR Interest Rate -- 4.4 Allocations and Cancellations of SDRs -- 4.5 Operation of the SDR Department -- 4.5.1 Participants and Prescribed Holders -- 4.5.2 Flows of SDRs and the Central Role of the IMF -- 4.5.3 IMF SDR Holdings -- 4.5.4 Voluntary SDR Trading Arrangements -- 4.6 Financial Statements of the SDR Department -- Additional Reading -- 5. The IMF's Income Model -- 5.1 Lending Income -- 5.2 The New Income Model -- 5.2.1 Features of the New Income Model -- 5.3 Investment Income -- 5.3.1 Subaccounts -- 5.3.2 The Use of Investment Income -- 5.4 Reimbursements to the General Resources Account -- Additional Reading -- 6. Financial Risk Management -- 6.1 Financial Risk: Sources and Mitigation Framework -- 6.1.1 Credit Risks -- 6.1.2 Liquidity Risks -- 6.1.3 Income Risk -- 6.2 Overdue Financial Obligations -- 6.2.1 Overview -- 6.2.2 Cooperative Strategy on Overdue Financial Obligations -- 6.2.3 Arrears Clearance Modalities -- 6.2.4 Special Charges -- 6.3 Safeguards Assessments of Central Banks -- 6.3.1 History and Objectives. ; 6.3.2 Conceptual Framework: Governance and Controls -- 6.3.3 Modalities -- 6.3.4 Safeguard Risks beyond Central Banks -- 6.4 Audit Framework -- 6.5 Financial Reporting and Risk Disclosure -- Additional Reading -- Appendix 1 IMF Membership: Quotas, and Allocations and Holdings of SDRs (Millions of SDRs and percent -- as of April 30, 2015) -- Appendix 2 Special Voting Majorities for Selected Financial Decisions -- Appendix 3 Other Administered Accounts -- Appendix 4 Disclosure of Financial Position with the IMF in the Balance Sheet of a Member's Central Bank -- Glossary -- A -- B -- C -- D -- E -- F -- G -- H -- I -- M -- N -- P -- Q -- R -- S -- T -- U -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Z -- Figures -- 2.1 The Size of the IMF -- 2.2 IMF Lending Mechanism-An Exchange of Assets -- 2.3 Members' Financial Positions in the General Resources Account -- 2.4 Outstanding IMF Credit by Facility, 1990-2015 -- 2.5 Median and Interquartile Range for Annual Average Access under Stand-By and Extended Arrangements -- 2.6 Distribution of Annual Access under General Resources Account Arrangements, 1990-2015 -- 3.1 PRGT-Eligible Countries-GRA Purchases and Concessional Loan Disbursements, 1987-2015 -- 3.2 Outstanding Concessional Credit by Facility, 1977-2015 -- 3.3 IMF Debt Relief to Low-Income Countries, 1998-2015 -- 3.4 Concessional Financing Framework -- 3.5 Flow of Funds in the PRGT -- 3.6 Poverty Reduction and Growth Trust Reserve Account Coverage, 1988-April 2015 -- 3.7 Debt Relief Framework -- 3.8 Financial Structure of the Poverty Reduction and Growth-Heavily Indebted Poor Countries Trust -- 3.9 Financing Framework for Debt Relief under the Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative -- 4.1 Actual Currency Weights in the SDR Basket, 2001-15. ; 4.2 Interest Rates on the SDR and Its Financial Instrument Components, 2005-15 -- 4.3 SDR Allocations: General and Special -- 4.4 Circulation of SDRs -- 4.5 Selected SDR Transactions, 2005-15 -- 4.6 IMF SDR Holdings, 2005-15 -- 4.7 SDR Sales: Participation by Market-Makers by Region September 1, 2009-April 30, 2015 -- 5.1 Snapshot of the IMF Income Statement, as of April 30, 2015 -- 5.2 Weekly Interest Rates and Margins, 2004-15 -- 5.3 The New Income Model -- 5.4 Earnings of the Investment Account -- 6.1 Forward Commitment Capacity: How the IMF Augments Quota Resources through Borrowing, December 1994-March 2015 -- 6.2 Overdue Financial Obligations to the IMF, 1980-2015 -- 6.3 IMF Credit Outstanding and Overdue Obligations 1984-2015 -- 6.4 Safeguards Analytical Framework and Governance Focus -- 6.5 Safeguard Assessments by Region -- Tables -- 2.1 General Reviews of Quotas -- 2.2 Agreed Changes in IMF Quotas -- 2.3 Countries Eligible for the Ad Hoc Quota Increases Agreed under the 2008 Quota and Voice Reforms -- 2.4 General and New Arrangements to Borrow -- 2.5 Financial Terms under IMF General Resources Account Credit -- 2.6 Balance Sheet of the General Department -- 2.7 Income Statement of the General Department -- 3.1 Concessional Lending Facilities -- 3.2 Access Limits and Norms for Poverty Reduction and Growth Trust Facility -- 3.3 Countries Eligible for the Poverty Reduction and Growth Trust and the Heavily Indebted Poor Countries Initiative -- 3.4 HIPC Th resholds for the Present Value of External Debt -- 3.5 Implementation of the HIPC Initiative -- 3.6 PRG-HIPC Financing Requirements and Sources -- 3.7 Debt Relief Following Implementation of the Multilateral Debt Relief Initiative -- 3.8 Cumulative Commitments of Lenders to the Poverty Reduction and Growth Trust. ; 3.9 Heavily Indebted Poor Countries and Poverty Reduction and Growth-HIPC Trust Resources -- 3.10 MDRI Trust Debt Relief and Sources of Financing -- 3.11 PCDR Debt Relief and Sources of Financing -- 4.1 Currency Weights in the SDR Basket -- 4.2 Balance Sheet of the SDR Department -- 4.3 Income Statement of the SDR Department -- 5.1 Investment Account Subaccounts -- 6.1 Level of Precautionary Balances in the General Resources Account -- 6.2 The IMF's Liquidity, 2010-2015 -- 6.3 History of Protracted Arrears to the IMF -- 6.4 Arrears to the IMF of Countries with Obligations Overdue by Six Months or More by Type and Duration -- Boxes -- 1.1 The Decision-Making Structure of the IMF -- 1.2 Financial Structure of the IMF -- 2.1 GRA Balance Sheet Snapshot -- 2.2 Quota Payment Procedures -- 2.3 Th e Quota Formula -- 2.4 The Reserve Tranche Position -- 2.5 The Evolution of Conditionality -- 2.6 Key Gold Transactions -- 3.1 Concessional Lending Timeline -- 3.2 Subsidization of Emergency Assistance and its Financing -- 3.3 Exogenous Shocks Facility -- 3.4 Policy Support Instrument -- 3.5 Interest Rate Regime for Concessional Facilities -- 3.6 Poverty Reduction Strategy Papers -- 3.7 Debt Relief Timeline -- 3.8 The HIPC Sunset Clause -- 3.9 Topping Up HIPC Assistance -- 3.10 Liberia's Debt Relief -- 3.11 Trust Assets: Investments in Support of Concessional Financing -- 3.12 The 2009 Fundraising Exercise -- 3.13 Features of Loan Resources -- 3.14 Reimbursement of Administrative Expenses Associated with Concessional Lending Operations -- 3.15 Making the Poverty Reduction and Growth Trust Sustainable -- 4.1 Creation of the SDR -- 4.2 Broad Principles Guiding SDR Valuation Decisions -- 4.3 Criteria for the Composition of the SDR Basket -- 4.4 Currency Amounts and Actual Daily Weights -- 4.5 SDR Interest Rate Calculation. ; 4.6 Borrowing SDRs for Payment of the Reserve Asset Portion of a Quota Increase.
• Sommario/riassunto: IMF Financial Operations 2015 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and also provides background detail of the financial statements for the IMF's activities during the most recent financial year. This publication (currently in its second edition) updates a previous report entitled Financial Organization and Operations of the IMF, first published in 1986 and last issued in 2001 (the sixth edition). That 2001 report reflected the seismic shifts in the global economy and in the IMF's structure and operations that occurred after the fall of the Soviet Union and the various currency and financial crises of the 1990s. This revised and updated report covers more recent developments, including measures taken in response to the global financial crisis of 2007–09 and the institutional reforms aimed at ensuring that the IMF's governance structure evolves in line with developments in the global economy, measures to enhance the financial safety net for developing economies, as well as reforms to the IMF's income model.
• Altri titoli varianti: International Monetary Fund financial operations 2015
• Titolo autorizzato: IMF Financial Operations 2015
• ISBN: 1-5135-3325-8; 1-5135-0415-0; 1-5135-7007-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910816350103321
• Lo trovi qui: Univ. Federico II
• Serie: Books