Budgetary Effects of the United Statesäó» Participation in the International Monetary Fund

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By Keith Hall (ad)
Year: 2016
Pages: 30
Binding Paperback
ISBN 978-1-4578-6433-9

Product Code: 1457864339

Description

Since 1945, when the International Monetary Fund (IMF) was established to promote global economic cooperation and stability, the U.S. has been its largest contributor. Today, the U.S.äó» financial commitment to the IMF totals approximately $164 billion. The budgetary cost of participation in the IMF is, however, significantly smaller than the amount of that commitment. The U.S. and other countries earn interest on the portion of their commitment held by the IMF. Nevertheless, a small risk remains that the IMF could incur losses on its lending so large that it could not repay the U.S. the full value of its commitment. Thus participation in the IMF has a cost to the U.S., which is currently about 2 cents per dollar committed. Contents of this report: Background on the IMF; Budgetary Treatment of the U.S.äó» Participation in the IMF; How the Fair-Value Cost of the U.S.äó» Participation in the IMF Is Estimated; Other Effects on the Federal Budget. Tables and figures. This is a print on demand report.

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