Press Release: Brunei Darussalam Joins the IMF

October 10, 1995

Brunei Darussalam today became a member of the International Monetary Fund (IMF). The IMF's Articles of Agreement were signed in Washington D.C. by His Excellency Dato Ahmad Wally Skinner, Deputy Minister of Finance of Brunei Darussalam.

Brunei Darussalam's initial quota1 in the IMF is SDR150.0 million (about $224 million). With the admission of Brunei Darussalam, membership in the IMF totals 180 countries, and the total of members' quotas is SDR 145,104.4 million (about $216,834 million).

1. A member's quota in the IMF determines in particular its capital subscription, its voting weight, its access to IMF financing, and its allocation of SDRs.

* Issued at Headquarters and the Sheraton-Washington Hotel.


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