Download or read book The Fund's Income Position for FY2007 - Midyear Review written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2006-07-12 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March and April this year, Executive Directors had wide-ranging discussions on the Fund’s income outlook, which has changed significantly following the recent sharp decline in credit outstanding. Directors supported the proposal for a two-pronged strategy that would involve, first, immediate steps to address the projected income shortfall in FY2007 under current policies and within the framework of the FY2007 budget and, second, development of a broader work plan on the options to ensure a stable and sustainable income base.