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A Modest Proposal To Restore The Finances Of The IMF Oct 07
Standard & Poors, Oct 2007
Abstract
The credit standing of the International Monetary Fund (IMF) is sound, given its public policy role and the shareholder support that follows from that role. Its capacity to generate capital, however, has weakened since Standard & Poor's Ratings Services last analyzed this unrated institution (see 'The Financial Strength of the International Monetary Fund,' RatingsDirect, Dec. 8, 2004). The IMF posted a loss in fiscal year ending April 30, 2007, and continues to operate at a loss this fiscal year due to the sharp decline in its advances outstanding and to its not having a sufficient level of free capital to cover the fixed costs of its nonlending activities. Based upon current trends, the IMF will continue to lose money-eroding its...
Companies mentioned in this report are: African Development Bank,Asian Development Bank,Inter-American Development Bank,International Bank for Reconstruction and Development,International Finance Corp.,European Bank for Reconstruction and Development,Islamic Development Bank
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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