The Fund's Income Position for FY2007 : Midyear Review.

In March and April this year, Executive Directors had wide-ranging discussions on the Fund's income outlook, which has changed significantly following the recent sharp decline in credit outstanding. Directors supported the proposal for a two-pronged strategy that would involve, first, immediate...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:Policy Papers; Policy Paper ; No. 2006/039
Subjects:
Online Access:Full text available on IMF
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520 3 |a In March and April this year, Executive Directors had wide-ranging discussions on the Fund's income outlook, which has changed significantly following the recent sharp decline in credit outstanding. Directors supported the proposal for a two-pronged strategy that would involve, first, immediate steps to address the projected income shortfall in FY2007 under current policies and within the framework of the FY2007 budget and, second, development of a broader work plan on the options to ensure a stable and sustainable income base. 
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