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FEDERATED STATES OF MICRONESIA BECOMES IMF MEMBER

 WASHINGTON, June 24 /PRNewswire/ -- The Federated States of Micronesia became a member of the International Monetary Fund today when Aloysius Tuuth, secretary of finance, signed the IMF's Articles of Agreement in Washington. The initial quota(A) of the Federated States of Micronesia in the IMF is Special Drawing Rights (SDR) 2.25 million (about US$3.1 million).
 With the admission of the Federated States of Micronesia, the membership of the IMF now totals 178 countries. The total of members' quotas in the IMF is SDR 144,624.6 million (about US$200,508.7 million).
 (A) A member's quota in the IMF determines, in particular, its subscription, its voting weight, its access to IMF financing and its allocation of SDRs.
 -0- 6/24/93
 /CONTACT: International Monetary Fund, External Relations Department, 202-623-7100/


CO: International Monetary Fund ST: District of Columbia IN: FIN SU:

DC-IH -- DC013 -- 5307 06/24/93 12:11 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
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