New Rule for Setting the Margin for the Basic Rate of Charge / International Monetary Fund.

Format:

Book

Author/Creator:

International Monetary Fund, author, issuing body.

Series:

Policy Papers ; Volume 2011, Issue 096

Language:

English

Subjects (All):

United States--Politics and government.

United States.

Physical Description:

1 online resource (24 pages).

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Summary:

In April 2008, the Executive Board adopted a package of measures to reform the Fund's income model. This followed an intensive work program building on the recommendations of an independent committee appointed by the Managing Director to study options for sustainable long-term financing for the Fund. The resulting new income model aims to broaden the Fund's income sources and reduce its reliance on lending income as the primary source of revenue. This new model includes: (i) creating an endowment funded with the profits from a limited sale of the Fund's gold holdings; (ii) expanding the Fund's investment authority to enhance the expected return on the Fund's investments; and (iii) resuming the practice of reimbursing the General Resources Account (GRA) for the cost of administering the PRG Trust.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781498378567

1498378560