Why is the IMF considering gold sales?
• The report of the Committee of Eminent Persons chaired by Andrew Crockett (the Crockett Committee) recommended that the IMF adopt a new income model with more diverse sources of income, so that it no longer relies primarily on lending income to finance its various activities, which include public goods such as Article IV surveillance. • One of the income sources the Committee proposed is the creation of an endowment funded from the proceeds of strictly limited gold sales to be carried out within safeguards to avoid disruption of the gold market (see this question).
