IMF gains bigger budget to handle economic ‘inflection point’
Decade of flat budgets hampered efforts to tackle “profound” macroeconomic shift, fund says
The International Monetary Fund is set for a real increase in its budget for the first time in over a decade, as it responds to what it calls an “inflection point” for the global economy.
In a document published on May 27 but dated November 2021, fund staff propose a 2% annual increase in the real value of its budget over the fiscal years from 2023–25. Thereafter, they suggest returning to a flat budget.
The IMF has operated with budgetary resources equivalent to roughly $1.2 billion a year –
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