Tuvalu joins IMF
The Pacific island of Tuvalu will have access to IMF advice and assistance after it gained membership to the Fund on Thursday.
The Polynesian island gained membership to the IMF after Lotoala Metia, its minister for finance and economic planning of Tuvalu, signed the Fund's Articles of Agreement in Washington DC. A Pacific island nation with a population of about 12,000, Tuvalu becomes the institution's 187th and smallest member.
The IMF said Tuvalu's initial quota amounted to SDR 1.8m ($2.7m)
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