Ammon News - The International Monetary Fund said on Friday its board expects net income of about $2.5 billion ​in the 2026 financial year, following the ‌annual review of its income position for the year ended April 30.

"Projections of the Fund's income position remain ​subject to high uncertainty, including from heightened geopolitical ​risks and financial market volatility," the IMF ⁠said.

The IMF's board in April approved a net ​administrative budget for the 2027 financial year, totaling $1.6 ​billion, which will cover a period of about one year from May 1, according to a separate statement on Friday.

The ​fund said its precautionary balances, which provide ​a buffer to protect it against potential losses from credit, ‌income ⁠and other financial risks, are expected to rise to $35.9 billion by the end of the 2026 financial year, above the IMF's medium-term target.
Looking ahead, the ​IMF projected ​net income ⁠of about $2.6 billion in each of the 2027 and 2028 financial years.

The executive ​board agreed to keep the margin ​on the ⁠IMF's basic lending rate at 60 basis points above the special drawing rights interest rate for ⁠the ​2027 to 2028 period, maintaining current ​pricing for member countries that borrow from the fund.

Reuters