{
  "title": "IMF Survey: Montenegro Becomes IMF's 185th Member",
  "publication": "IMF News, January 29, 2007",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/28/04/53/sonew051a",
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  "summary": "The former Yugoslav republic of Montenegro joined the IMF on January 18, signing the Articles of Agreement in Washington, D.C.",
  "publishDate": "2007-01-29",
  "sections": [
    {
      "heading": "Admission details",
      "content": "- Montenegro joined the IMF on January 18.\n- Montenegro became the institution's 185th member.\n- The Articles of Agreement were signed in Washington, D.C., by Ljubiša Krgović, President of Council of Central Bank of Montenegro.\n- Montenegro's Finance Minister, Igor Luksic, attended the signing ceremony.\n- New member photo caption: \"New member: Ljubisa Krgović (l), President of Council of Central Bank of Montenegro, signs Articles of Agreement. (Photo: Stephen Jaffe/IMF)\""
    },
    {
      "heading": "Timing and publication",
      "content": "- IMF Survey online publication date: January 29, 2007.\n- The IMF was founded in 1944 and began with 45 member countries."
    },
    {
      "heading": "Quota, financial implications, and voting",
      "content": "- Montenegro's initial quota in the IMF is 27.5 million Special Drawing Rights (SDRs) (about $41.2 million).\n- With the admission of Montenegro, total members' quotas in the IMF rise to SDR 216.75 billion (about $325.01 billion).\n- Explanation of quota role: \"Each member country is assigned a quota, based broadly on its relative size in the world economy. A member's quota determines its maximum financial commitment to the IMF and its voting power and also has a bearing on its access to IMF financing.\""
    },
    {
      "heading": "Official comment",
      "content": "- IMF Managing Director Rodrigo de Rato said that Montenegro's membership marked \"another decisive step in the process of nation building. Montenegro is claiming its place as a respected member of the global community of nations, and it is demonstrating its commitment to meet the responsibilities and reap the benefits of international cooperation.\"\n\nIMF Survey: Montenegro Becomes IMF's 185th Member — IMF staff, January 29, 2007\n\n---\n\n\n References\n\n- https://www.imf.org/en/News/country-focus\n- PRESS CENTER\n- In The News\n- Press Release: Montenegro joins the IMF\n- Montenegro and the IMF\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/28/04/53/sonew051a"
    }
  ],
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    "Published: January 29, 2007",
    "Montenegro joined the IMF on January 18.",
    "Montenegro became the institution's 185th member.",
    "The Articles of Agreement were signed in Washington, D.C., by Ljubiša Krgović, President of Council of Central Bank of Montenegro.",
    "Montenegro's Finance Minister, Igor Luksic, attended the signing ceremony.",
    "New member photo caption: \"New member: Ljubisa Krgović (l), President of Council of Central Bank of Montenegro, signs Articles of Agreement. (Photo: Stephen Jaffe/IMF)\"",
    "IMF Survey online publication date: January 29, 2007.",
    "The IMF was founded in 1944 and began with 45 member countries.",
    "Montenegro's initial quota in the IMF is 27.5 million Special Drawing Rights (SDRs) (about $41.2 million).",
    "With the admission of Montenegro, total members' quotas in the IMF rise to SDR 216.75 billion (about $325.01 billion).",
    "Explanation of quota role: \"Each member country is assigned a quota, based broadly on its relative size in the world economy. A member's quota determines its maximum financial commitment to the IMF and its voting power and also has a bearing on its access to IMF financing.\"",
    "IMF Managing Director Rodrigo de Rato said that Montenegro's membership marked \"another decisive step in the process of nation building. Montenegro is claiming its place as a respected member of the global community of nations, and it is demonstrating its commitment to meet the responsibilities and reap the benefits of international cooperation.\"",
    "[https://www.imf.org/en/News/country-focus](https://www.imf.org/en/News/country-focus)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[In The News](https://www.imf.org/en/news/search)",
    "[Press Release: Montenegro joins the IMF](http://www.imf.org/external/np/sec/pr/2007/pr077.htm)",
    "[Montenegro and the IMF](https://www.imf.org/external/country/MNE/index.htm)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
  ],
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