{"id":110765,"date":"2009-12-23T18:10:56","date_gmt":"2009-12-23T23:10:56","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2009\/12\/23\/imf-were-in-the-money\/"},"modified":"2009-12-23T18:10:56","modified_gmt":"2009-12-23T23:10:56","slug":"imf-we%c2%92re-in-the-money","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/110765","title":{"rendered":"IMF: We\u0092re in the Money"},"content":{"rendered":"

While the recession has battered businesses around the world, it\u0092s been a boon to the International Monetary Fund\u0092s finances.<\/p>\n

In its mid-year review for the fiscal year ended April 30, 2010, the IMF increased its estimate of its net operational income by around 50% to $686 million from the $452 million it had estimated in April 2009.<\/p>\n

The IMF upped its estimate of loan income by $181 million, while its estimates of expenses declined by $109 million from April. Its earnings from investments and gold sales are also turning out to be higher than anticipated.<\/p>\n

It\u0092s hard to recall now, but in 2007, the IMF looked like a loser. Loan demand had evaporated as the global economy boomed. Few countries wanted its advice. The Fund was reviled by many in Asia and Latin America for heavy-handed interventions in the past.<\/p>\n

In the year ended April 30, 2008, the IMF had a net operation loss of $117 million, and looked ahead to more red ink. But the world economy tanked, IMF loans jumped and the IMF members agreed the IMF could sell nearly 400 metric tons of gold.<\/p>\n

The IMF is turning the proceeds from the gold sales into a kind of endowment. It will use the earnings from the money to fund the IMF even if loans dry up when the global economy finally recovers.<\/p>\n

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While the recession has battered businesses around the world, it\u0092s been a boon to the International Monetary Fund\u0092s finances. In its mid-year review for the fiscal year ended April 30, 2010, the IMF increased its estimate of its net operational income by around 50% to $686 million from the $452 million it had estimated in […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-110765","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/110765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=110765"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/110765\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=110765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=110765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=110765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}