The Fund’s Income Position For FY 2025—Actual Outcome

Summary

This paper reports on the Fund's income position for FY 2025 following the closing of the Fund's accounts for the financial year and completion of the external audit. Total comprehensive income of the General Department was SDR 3.3 billion (or about $4.4 billion) comprising General Resources Account (GRA) net income (SDR 2.3 billion), retained investment income (SDR 0.7 billion) and remeasurement gains reported under IAS 19 (SDR 0.3 billion). GRA net income, after taking into account the placement of SDR 1.38 billion from the General Resources Account (GRA) to the newly established Interim Placement Administered Account (IPAA), increased Fund reserves by about SDR 0.9 billion. Remeasurement gains contributed a further SDR 0.3 billion to reserves. In accordance with decisions taken by the Executive Board in April 2025, a net transfer of currencies equivalent to SDR 0.3 billion will be made from the GRA to the Investment Account during FY 2026. The Fund's precautionary balances, following the placement of net income to the Fund's reserves and the pension-related adjustments for the year, reached SDR 25.9 billion at the end of FY 2025, in line with the April projection.

Subject: Budget planning and preparation, Currencies, Discount rates, Exchange rates, Expenditure, Financial services, Financial statements, Foreign exchange, Income, Income distribution, Money, National accounts, Pension spending, Public financial management (PFM), SDR interest rate

Keywords: Budget planning and preparation, Currencies, Discount rates, Distribution, Exchange rate adjustments, Exchange rates, External audit, Financial statements, Financial statements, General Resources Account, Global, GRA Net Income, IMF's FY, Income, Income, Income distribution, IPAA, MYDP, Payout, Pension, Pension spending, Precautionary Balances, Residual Income, SDR billion, SDR interest rate, SDR millions, Transfer, Transparency policy