Principality of Andorra becomes IMF’s 190th Member

Although we are headquartered in Washington D.C. USA, our reporters and editors are working around the globe to cover what you care about. We invite you to donate to our fundraiser to help us keep our quality news free and available to all.  

The Principality of Andorra joined the International Monetary Fund (IMF) on Friday, becoming the Fund’s 190th member.

Ambassador Elisenda Vives Balmaña signed the IMF’s Articles of Agreement at a ceremony in Washington D.C., the IMF said.

Andorra had applied for membership to the IMF in January 2020.

[read_more id="2" more="Read full article" less="Read less"]

Andorra’s initial quota1 in the IMF is SDR 82.5million (about US$ 116.4 million).

IMF Managing Director Kristalina Georgieva met with Ambassador Vives at IMF headquarters the signing ceremony

“I am very pleased to welcome Andorra as the 190th member of the IMF,” Ms. Georgieva said. “Andorra faces both short-term and long-term challenges common to European and other IMF member countries which have been aggravated by the pandemic. The IMF stands ready to work closely with the authorities and people of Andorra in achieving their post-pandemic growth and development objectives in cooperation with other partners in the international community,” she added.

[/read_more]

Simon Ateba
Simon Ateba
Based in Washington, District of Columbia, United States of America, Simon leads a brilliant team of reporters, freelance journalists, analysts, researchers and contributors from around the world to run TODAY NEWS AFRICA as editor-in-chief. Simon Ateba's journalistic experience spans over 10 years and covers many beats, including business and investment, information technology, politics, diplomacy, human rights, science reporting and much more. Write him: simonateba@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

Rights group urges AU to denounce crackdown on Cameroon’s opposition

Human Rights Watch on Monday urged the African Union (AU), the African Commission on Human and Peoples’ Rights (ACHPR), the Economic...

Mauritania should free activists held on charges of blasphemy and insulting Islam: HRW

Mauritania’s government should drop charges of blasphemy and insulting Islam against eight political activists and release the five held in pretrial detention...

South Africa’s minister of health Zweli Mkhize contracts COVID-19

South Africa's minister of health Dr. Zweli Mkhize has contracted COVID-19, the presidency confirmed in a statement on Monday.

Mass convictions for homosexuality in Algeria as police raid alleged ‘gay wedding’

An Algerian court on September 3, 2020 sentenced 2 men to prison terms and 42 others to suspended terms after mass arrests at...

South Africa launches $6 billion COVID-19 employment stimulus

South Africa has launched a $6 billion (R100 billion) COVID-19 employment stimulus to be implemented over the next three years.

MOST POPULAR

Damning report finds detainees in Iran were sexually abused and given electric shocks in gruesome post-protest crackdown

Iran’s police, intelligence and security forces, and prison officials have committed, with the complicity of judges and prosecutors, a catalogue of...

Africa shocked U.S. under Trump has worst coronavirus response in the world

President Donald Trump has "failed in his basic duty to protect Americans", world's renowned journalist Bob Woodward told Fox News Sunday...

EXCLUSIVE: IMF economist details how COVID-19 economic turmoil in Asia will affect Sub-Saharan Africa

The COVID-19 pandemic is battering economies in Asia with a contraction expected for the first time in many decades. The economic...

IMF’s Georgieva says second round of support coming to Africa but Oxfam argues debt cancelation the only way out of COVID-19 turmoil

The Managing Director of the International Monetary Fund (IMF) Ms. Kristalina Georgieva said on Wednesday that the Washington DC-based institution is...

Ethiopia charges prominent opposition figure Jawar Mohammed with terrorism

As human rights organizations continue to warn that Prime Minister Abiy Ahmed is turning Ethiopia into a dictatorship, his administration on...

Sponsored thugs hijack protests in Nigeria, attack cops, unleash violence to trigger crackdown

Sponsored thugs have hijacked EndSARS protests in Nigeria to trigger government intervention against the peaceful protesters who are demanding the end of police brutality in the country.The sponsored demonstrators viciously invaded police stations, attacked several policemen and vandalised security facilities in some states across the federation.https://youtu.be/YHTh_DVhyDwThe mobs, in...

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

Share
Tweet
WhatsApp
Reddit
Share