Tuvalu applies for IMF membership

Tuvalu is looking to become the 186th member country of the International Monetary Fund (IMF).

The Fund said on Friday that it had received an application from Tuvalu, an archipelago comprising nine islands in the South Pacific.

The islands, which cover 26 square kilometres and have a population of 12,177 according to the Central Intelligence Agency's World Factbook, would be one of the Fund's smallest members.

The application will now be investigated by the IMF's Executive Board. After its i