01855cas a2200241 a 4500 AALejournalIMF020471 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498341882 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. The Consolidated Medium-Term Income and Expenditure Framework. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (11 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The medium-term projections of Fund income and precautionary balances accumulation have been updated since the April 2012 projections. The overall income outlook remains positive with continued high lending income expected in the medium-term. The projections indicate a downward shift in the income path primarily due to lower non-lending income as a result of the low global interest rates and the agreement to phase in investments under the new gold-sales funded endowment. The updated expenditure path has not changed significantly. The projections also illustrate a broad balance between income and expenditures when lending returns to pre-crisis levels. The accumulation of precautionary balances remains strong in the medium-term. The indicative medium-term target of SDR 20 billion is now expected to be reached by FY18-FY19. Mode of access: Internet Policy Papers; Policy Paper ; No. 2013/038 Full text available on IMF http://elibrary.imf.org/view/journals/007/2013/038/007.2013.issue-038-en.xml IMF e-Library