Press Release: Tuvalu Joins the IMF as 187th Member
IMF News, June 24, 2010
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- Press Release: Tuvalu Joins the IMF as 187th Member
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Bibliographic details
- Published: June 24, 2010
Membership accession
- Tuvalu became the 187th member of the International Monetary Fund (IMF) when the IMF's Articles of Agreement were signed in Washington, D.C. by Mr. Lotoala Metia, Minister for Finance and Economic Planning of Tuvalu.
- Press Release No. 10/256
- Date: June 24, 2010
Quota and financial figures
- Tuvalu’s initial quota in the IMF: SDR 1.8 million (about US$2.7 million).
- Total of all members’ quotas after Tuvalu’s admission: SDR 217.43 billion (about US$ 321.18 billion).
- Note: 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.
Meetings and official statements
- Following the signing ceremony, IMF Managing Director Dominique Strauss-Kahn met with Minister Lotoala Metia at IMF headquarters.
- Quotation from Mr. Strauss-Kahn: “It is an honor for me today to welcome Tuvalu to the International Monetary Fund as our 187th member. Tuvalu’s membership is a strong reminder of the importance of multilateralism and international cooperation in today’s dynamic global economy. With its size and remoteness, Tuvalu faces a unique set of economic challenges. I am confident that Fund membership will help Tuvalu strengthen its economic footing.”
Media and contact information
- IMF EXTERNAL RELATIONS DEPARTMENT — Public Affairs, Media Relations
- E-mail: publicaffairs@imf.org; media@imf.org
- Fax: 202-623-6220
- Phone: 202-623-7100
Source: Press Release No. 10/256, International Monetary Fund, June 24, 2010.