Program directory · Department of Finance Canada
Commitments to International Financial Organizations
- Department
- Department of Finance Canada
- Program code
- BUV10 (FIN)
- Core responsibility
- Economic and Fiscal Policy
- In Departmental Plans
- 2018-19 – 2026-27 · New since an earlier plan
What it does
This Program ensures that the Government of Canada’s commitments to international financial organizations are efficiently funded. The Program administers the payments and capital subscriptions for Canada’s commitments to international financial institutions, such as the International Development Association of the World Bank, and other regional multilateral development banks, such as the European Bank for Reconstruction and Development. The Program uses funding from the following transfer payments: Payments to the International Development Association; and Debt Payments on Behalf of Poor Countries to International Organizations Pursuant to section 18(1) of the Economic Recovery Act (stimulus).
Source: the department's Program Inventory, via GC InfoBase.
History and lineage
First appears in GC InfoBase's actual spending by program in 2018-19. The data does not record when a program was created; it may be older than its first appearance here, which is limited by the sources (program spending starts in 2010-11, Departmental Plans in 2018-19).
| Program | Relation | Years with data | Actual spending over those years |
|---|---|---|---|
| Commitments to International Financial Organizations | This program | 2018-19 – 2028-29 | $4.46B |
No earlier or later program in the same department has a similar name.
Significant changes in scope and budget
Detected from the data: renames between plans, programs it appears to replace, merge with or split into (matched by name), year-over-year changes in spending of at least 25% and $5M, or in employees of at least 20% and 25 FTEs, linked budget measures, and results indicators added or dropped.
| Year | What changed | Source |
|---|---|---|
| 2022-23 | Spending $1.13B, against $579M in 2021-22 (+95%). | Actual spending (GC InfoBase) |
| 2023-24 | Spending $614M, against $1.13B in 2022-23 (−46%). | Actual spending (GC InfoBase) |
| 2026-27 | Indicators added: Percentage of payments made on time and according to levels and formulas agreed to with the International Financial Organization | Departmental Results Framework (GC InfoBase) |
| 2026-27 | Indicators dropped: Degree to which Canadian priorities are reflected in initiatives at various international financial institutions to which the Department of Finance provided resources (on a scale of 1 to 5). | Departmental Results Framework (GC InfoBase) |
| 2026-27 | Planned spending $408M, against $575M in 2025-26 (−29%). | Latest Departmental Plan |
| 2028-29 | Planned spending $585M, against $409M in 2027-28 (+43%). | Latest Departmental Plan |
Success criteria
The program's indicators from its department's Departmental Results Framework: the target set in each year's plan, and the result reported the following year. Source: GC InfoBase.
Historical: targets against results
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2018-19 | 3 – 5 | 2019 | 4 The Canadian international assistance priorities, defined in the Minister of Finance’s annual statements to the International Monetary Fund, the International Development Association, the International Bank for Reconstruction and Development and the Asian Infrastructure Investment Bank, are largely reflected in the key priorities of these institutions. | Met |
| 2019-20 | 3 – 5 | 2020 | 4.5 The Canadian international assistance priorities, defined in official statements to the International Monetary Fund, the International Development Association, and the Asian Infrastructure Investment Bank, are largely reflected in the key priorities of these institutions. | Met |
| 2020-21 | 3 – 5 | 2021 | 4.5 4.5 - Canadian international assistance priorities, defined in official statements to the International Monetary Fund, the International Development Association, and the Asian Infrastructure Investment Bank, are largely reflected in the key priorities of these institutions. | Met |
| 2021-22 | 3 – 5 | 2022 | 5 Canada was pleased to advance our country’s priorities in institutional financing vehicles, such as ensuring that IFIs maximized their support to Ukraine (notably by championing the new IMF Administered Account for Ukraine), as well as to members of our constituency at the IMF by, among other things, advocating for the eligibility of many Caribbean countries to the IMF’s Resiliency and Sustainabi… | Met |
| 2022-23 | 3 – 5 | 2023 | 5 | Met |
| 2023-24 | 3 – 5 | 2024 | 5 | Met |
| 2024-25 | 3 – 5 | 2025 | 5 | Met |
Current: the 2026-27 plan's targets
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | 3 – 5 | 2027 | — | Planned |
Future goals: targets due after 2026-27
No targets with a later due date.
Spending and employees: planned against actual
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2018-19 | $493M | $504M |
| 2019-20 | $490M | $504M |
| 2020-21 | $461M | $570M |
| 2021-22 | $476M | $579M |
| 2022-23 | $965M | $1.13B |
| 2023-24 | $539M | $614M |
| 2024-25 | $539M | $555M |
| 2025-26 | $575M | — |
| 2026-27 | $408M | — |
| 2027-28 | $409M* | — |
| 2028-29 | $585M* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2018-19 | 1 | 1 |
| 2019-20 | 1 | 1 |
| 2020-21 | 1 | 1 |
| 2021-22 | 1 | 1 |
| 2022-23 | 1 | 1 |
| 2023-24 | 1 | 1 |
| 2024-25 | 1 | 1 |
| 2025-26 | 1 | — |
| 2026-27 | 1 | — |
| 2027-28 | 1* | — |
| 2028-29 | 1* | — |
Planned spending, plan by plan
Each row is one year's Departmental Plan and its forecast for the next three fiscal years; read a column down to see how the forecast for one year changed. The last row is what was actually spent. Click an amount for its source. Biggest changes in federal spending plans
| Plan | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018-19 plan | $492,929,440 | $489,819,440 | $475,819,440 | ||||||||
| 2019-20 plan | $489,825,274 | $475,828,566 | $475,834,224 | ||||||||
| 2020-21 plan | $461,220,116 | $476,463,405 | $478,035,200 | ||||||||
| 2021-22 plan | $476,472,580 | $478,044,375 | $478,044,375 | ||||||||
| 2022-23 plan | $964,948,302 | $540,565,847 | $540,281,184 | ||||||||
| 2023-24 plan | $538,827,379 | $538,539,790 | $575,723,995 | ||||||||
| 2024-25 plan | $538,570,525 | $575,257,058 | $589,951,882 | ||||||||
| 2025-26 plan | $575,289,488 | $584,944,312 | $586,426,715 | ||||||||
| 2026-27 plan | $408,474,201 | $408,966,367 | $585,446,994 | ||||||||
| Actual | $504,409,586 | $503,660,895 | $569,726,197 | $579,307,798 | $1,130,489,309 | $614,437,092 | $555,106,523 |
Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.
