The Fund’s Income Position For FY 2020 -- Actual Outcome
This paper reports on the Fund’s income position for FY 2020 following the closing of the Fund’s accounts for the financial year.
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Volume/Issue:
Volume 2020
Issue 064
Publication date: December 2020
ISBN: 9781513563312
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Topics covered in this book
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Banks and Banking , Economics- Macroeconomics , PP , SDR billion , SDR millions , Fixed-Income Subaccount , about SDR , SDR exchange rate , net IAS , plan asset performance , Personal income , Budget planning and preparation , Financial statements
Summary
This paper reports on the Fund’s income position for FY 2020 following the closing of the Fund’s accounts for the financial year and completion of the external audit. Net operational income was about SDR 1.4 billion, slightly higher than estimated in the April supplement, mainly reflecting higher investment income. However, the unrealized pension-related adjustment in FY 2020, stemming mainly from the actuarial remeasurement of staff retirement plan assets and liabilities, was larger than previously estimated and more than offset the Fund’s net operational income, contributing to an overall net loss of about SDR 1.4 billion for the year.
