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International Monetary Fund: Current Financial Situation

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Report Type Reports and Testimonies
Report Date July 21, 1999
Report No. T-NSIAD/AIMD-99-254
Subject
Summary:

This testimony focuses on the International Monetary Fund's (IMF) financial situation. GAO discusses (1) IMF's current situation regarding quota resources it obtains from its member countries and uses for most of its financial assistance; (2) the level of resources that IMF has reported as actually available for lending; and (3) other resources that it potentially has available for conducting its operations, such as resources obtained through borrowing and the Fund's gold holdings. GAO discusses IMF's financial situation from both a current and a historical perspective, highlighting the share of IMF's financial resources that have been contributed by the Group of Ten countries. GAO also provides current and historical perspectives on IMF's gold holdings.

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