IMF Managing Director Kristalina Georgieva’s Statement on the Review of Charges and the Surcharge Policy

Oct. 11, 2024 - International Monetary Fund

IMF Managing Director Kristalina Georgieva’s Statement on the Review of Charges and the Surcharge PolicyWashington, DC: The Executive Board of the International Monetary Fund (IMF) concluded today the Review of Charges and the Surcharge Policy. [1] Ms.

Kristalina Georgieva, Managing Director of the IMF, issued the following statement. “The approved measures will lower IMF borrowing costs for members by 36 percent, or about US$1.

2 billion annually. Together, charges and surcharges cover lending intermediation expenses, help accumulate reserves to protect against financial risks, and provide incentives for prudent borrowing.

Link to FAQs[1] Charges and surcharges do not apply to borrowing from the IMF’s Poverty Reduction and Growth Trust, under which low-income members receive financial support on concessional terms...