IMF gains bigger budget to handle economic ‘inflection point’

The International Monetary Fund is set for a real increase in its budget for the first time in over a decade, as it responds to what it calls an “inflection point” for the global economy.

In a document published on May 27 but dated November 2021, fund staff propose a 2% annual increase in the real value of its budget over the fiscal years from 2023–25. Thereafter, they suggest returning to a flat budget.

The IMF has operated with budgetary resources equivalent to roughly $1.2 billion a year –