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Europe > Ireland

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Cover Policy Papers
The Consolidated Medium-Term Income and Expenditure Framework
International Monetary Fund
The medium-term income projections have been updated since the last estimate provided to the Executive Board in April 2014. The main changes to the outlook stem from a lower path for credit outstanding and expectations for a more gradual rise in interest rates. The revised projections show lower levels of net operational income over the coming years. Lending income is lower compared with earlier estimates as a result of lower credit levels, including the advance repurchases by Ireland and Portugal. Non-lending income is also projected to be lower reflecting a further downward shift in SDR interest rates and, thus, returns on investments and interest-free resources. The updated expenditure path assumes the net administrative budget remains constant in real terms at the FY 2012 level. The long-run projections indicate a broad balance between income and expenditures, assuming that interest rates rise to 3.5 percent and with lending returning to pre-crisis levels. The pace of reserve accumulation is expected to slow, reflecting the decline in Fund credit, and precautionary balances are now projected to remain slightly below the projected target of SDR 20 billion over the medium term compared with the earlier estimates.
Keywords:
PP; income; fy; net; yield; income projection; expenditure position; gold profits; consolidated income; fund's income position; Personal income; SDR interest rate; Reserve positions; Credit; Budget planning and preparation; Global
Cover Finance & Development
Finance & Development, March 1965
International Monetary Fund. External Relations Dept.
This paper examines the importance of national planning for economic development of a country. The paper highlights that when World War II began, Soviet Russia was the only country engaged in systematic development planning, and then only since 1929, when its First Five-Year Plan was approved. At the end of the War, Asian countries that either had, or were about to, become independent, embraced planning to a much greater extent than countries in any other region.
Keywords:
FD; F&D; country; IDA lending; cost; government; independence vis-à-vis; transport economist; poor land; flight of capital; development credit; Capital outflows; Development strategy; Currencies; Capital flows; Europe; Western Europe; Caribbean; Africa; Middle East; Central Asia
Cover Summary Proceedings of the Twelfth Annual Meetings of the Board of Governors, 1957
Summary Proceedings of the Twelfth Annual Meetings of the Board of Governors, 1957
International Monetary Fund. Secretary's Department

Abstract

The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.

Keywords:
AS; country; underdeveloped country; word; fiscal policy; fund Session No.; fund Board; fund activity; committee chairman; Currencies; Exports; Inflation; Gold; Europe; Africa; Western Europe; Global