Current Financial Position of IMF (FY2013)
Most resources for IMF loans
are provided by member countries, primarily through their payment of quotas.
In March 2011, the
expanded and more flexible New Arrangements to Borrow (NAB) came into effect
and was activated shortly thereafter. In addition, the Fund has signed a number
of bilateral loan and note purchase agreements, which can be used to finance IMF-supported
programs approved prior to the NAB activation.
How member
countries’ quotas are determined
When a country joins the
IMF, it is assigned an initial quota in the same range as the quotas of
existing members that are broadly comparable in economic size and
characteristics.
Quotas are denominated in
Special Drawing Rights (SDRs), the IMF’s unit of account. The largest member of
the IMF is the United States, with a current quota of SDR 42.1 billion (about
$64 billion), and the smallest member is Tuvalu, with a current quota of SDR
1.8 million (about $2.7 million).
Special
Drawing Rights (SDRs)
The SDR is an international
reserve asset, created by the IMF in 1969 to supplement its member countries'
official reserves. Its value is based on a basket of four key international
currencies (euros, Japanese yen, pounds sterling, or US dollars), and SDRs can
be exchanged for freely usable currencies.
NAB
Participants and Credit Amounts
Current Participants Amounts
(SDR million)
|
|
|
|
Australia
|
4,370.41
|
|
Austria
|
3,579.24
|
|
Banco
Central de Chile
|
1,360.00
|
|
Banco
de Portugal
|
1,542.13
|
|
Bank
of Israel
|
500.00
|
|
Belgium
|
7,861.85
|
|
Brazil
|
8,740.82
|
|
Canada
|
7,624.43
|
|
China
|
31,217.22
|
|
Cyprus
|
340.00
|
|
Danmarks
Nationalbank
|
3,207.78
|
|
Deutsche
Bundesbank
|
25,370.81
|
|
Finland
|
2,231.76
|
|
France
|
18,657.38
|
|
Greece*
|
1,654.51
|
|
Hong
Kong Monetary Authority
|
340
|
|
India
|
8,740.82
|
|
Ireland*
|
1,885.52
|
|
Italy
|
13,578.03
|
|
Japan
|
65,953.20
|
|
Korea
|
6,583.44
|
|
Kuwait
|
341.29
|
|
Luxembourg
|
970.59
|
|
Malaysia
|
340.00
|
|
Mexico
|
4,994.76
|
|
Netherlands
|
9,043.72
|
|
New
Zealand
|
624.34
|
|
Norway
|
3,870.94
|
|
Bangko
Sentral ng Pilipinas
|
340.00
|
|
National
Bank of Poland
|
2,530.00
|
|
Russian
Federation
|
8,740.82
|
|
Saudi
Arabia
|
11,126.03
|
|
Singapore
|
1,276.52
|
|
South
Africa
|
340.00
|
|
Spain
|
6,702.18
|
|
Sveriges
Riksbank
|
4,439.74
|
|
Swiss
National Bank
|
10,905.42
|
|
Thailand
|
340.00
|
|
United
Kingdom
|
18,657.38
|
|
United
States
|
69,074.27
|
|
Total
|
369,997.36
|
Gold in the
IMF
The IMF held 90.5 million
ounces (2,814.1 metric tons) of gold at designated depositories at
mid-September 2013. The IMF’s total gold holdings are valued on its balance
sheet at SDR 3.2 billion (about $4.8 billion) on the basis of historical cost.
As of September 17, 2013, the IMF's holdings amounted to $118.7 billion at
current market prices.
Balances
Total assets . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . $ 302,195 million
Total liabilities (including
quotas) . . . . . . . . . . . . . . . $285,630
million
Net income
. . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . $300 million
General
Resource
Special reserve . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . $8,580
General reserves . . . . . . . . . . . . . . . . . . . . . . . . . . .
. $7,924
Total Reserves. . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . .$16,504 million
Loans
committed . . . . . . .
. . . . . . . . . . . . . . . . $23300
million
Biggest
borrowers:
Greece, Portugal, Ireland
Biggest
precautionary loans:
Mexico, Poland, Morocco,
Colombia
No comments:
Post a Comment