IMF assets rise in value to SDR 511 billion in January 2024
Total value of assets held by the IMF via its General Department amounted to some SDR 511.7 billion at the end of January this year.
This is per the Fund’s Quarterly Report for the quarter ended January 31, 2024.
The SDR 511.7 billion asset value is attributed to the Bretton Wood Institution’s General Resources Account (GRA).
There was an appreciable increase (SDR 2 billion) in the Fund’s assets value when compared to the SDR 509.7 billion asset value recorded at end-April 2023.
Liabilities of the Fund’s GRA at end-January 2024 stood at SDR 479.1 billion, a marginal decrease from the end-April 2023 figure of SDR 479.5 billion.
Outstanding credit (loan) from the Fund’s GRA for the review period amounted to SDR 93 billion with Africa having an outstanding credit (loan) of SDR 12.2 billion to be gained from the Bretton Wood Institution.
The Middle East and Central Asia had an outstanding credit of SDR 22.3 billion.
SDR 1 is equal to $1.3298 as of January 31, 2024.
The International Monetary Fund (IMF) conducts its operations and transactions through the General Department. The General Department comprises three accounts: (i) the General Resources Account; (ii) the Investment Account; and (iii) the Special Disbursement Account.
GENERAL RESOURCES ACCOUNT (GRA)
The financial operations of the IMF with its member countries (members) are primarily conducted through the GRA. The assets and liabilities in the GRA reflect the payment of member quota subscriptions, use and repayment of GRA credit, borrowings and repayments to lenders, collection of charges from borrowers, payment of remuneration on creditor positions and interest to lenders, and other operations.
A core responsibility of the IMF is to provide financial assistance to members experiencing actual or potential balance of payments problems. Upon the request of a member, GRA resources are made available either under a financing arrangement or in the form of outright purchases (disbursements). An arrangement is a decision by the IMF Executive Board that gives a member the assurance that the IMF stands ready to provide resources to the member during a specified period and up to a specified amount, in accordance with the terms of the financing instrument.
INVESTMENT ACCOUNT (IA)
The IA holds resources transferred from the GRA, which are invested to broaden the IMF’s income base. The IA comprises two subaccounts: the Fixed-Income Subaccount and the Endowment Subaccount. Assets are invested by external managers, except for investments with the Bank for International Settlements and short-term investments (residual cash balances)
