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Democratic Republic of Timor-Leste and the IMF

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Press Release No. 02/34
July 23, 2002
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

East Timor Joins the IMF

The Democratic Republic of East Timor has become a member of the International Monetary Fund (IMF). The IMF's Articles of Agreement were signed in Washington, D.C. by His Excellency Mari Alkatiri, Prime Minister of East Timor.

The Democratic Republic of East Timor's initial quota1 in the IMF is SDR 8.2 million (about US$11 million). With the admission of The Democratic Republic of East Timor, membership in the IMF totals 184 countries, and the total of members' quotas is SDR 212.6 billion (about US$285 billion).



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.



IMF EXTERNAL RELATIONS DEPARTMENT

Public Affairs    Media Relations
E-mail: publicaffairs@imf.org E-mail: media@imf.org
Fax: 202-623-6278 Phone: 202-623-7100