Liechtenstein Votes to Join the IMF

ZURICH (Reuters) – Liechtenstein voted to join the International Monetary Fund (IMF) in a referendum on Sunday. This decision aims to integrate the small principality more deeply into multilateral affairs and provide a safety net for potential emergencies.

By a margin of 55.8% to 44.2%, voters in the affluent country, located between Switzerland and Austria, supported becoming the 191st member of the Washington-based fund, as per the official government tally.

Membership received backing from Prince Alois, the acting head of state and heir to the throne, who stated that joining the IMF would strengthen the financial stability of Liechtenstein and offer access to liquidity during emergencies.

Foreign Minister Dominique Hasler mentioned the careful consideration behind the decision, stating that the country seeks an active foreign policy within a relevant multilateral organization, suitable for its size.

Additionally, she noted that membership provides an added layer of security against potential crises, emphasizing, “Even countries that are doing well can benefit from being an IMF member.”

Liechtenstein is set to officially become a member following the formalization of its accession with the IMF on October 21.