The Fund's Income Position for FY 2021 - Actual Outcome

This paper reports on the Fund’s income position for FY 2021 following the closing of the Fund’s accounts for the financial year and completion of the external audit.

Volume/Issue: Volume 2021 Issue 069

Publication date: November 2021

ISBN: 9781616354916

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Topics covered in this book

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Political Economy , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , : meeting FY , retirement plan obligation , income outlook , transparency policy , intermediation cost , Income , Pensions , Pension spending , Reserves accumulation , SDR interest rate , Global , IMF's FY , SDR billion , SDR million , about SDR , Financial statements , Budget planning and preparation

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Summary

This paper reports on the Fund’s income position for FY 2021 following the closing of the Fund’s accounts for the financial year and completion of the external audit. Overall FY 2021 net income amounted to SDR 4.8 billion or SDR 0.7 billion higher than estimated in April, mainly reflecting a larger than anticipated gain reported under IAS 19 (the accounting standard for employee benefits) and endowment returns exceeding earlier projections.