Liechtenstein Votes to Join IMF: A Move Towards Financial Stability

Liechtenstein voted in favor of joining the International Monetary Fund, marking a significant step towards greater multilateral integration and financial security. The referendum, supported by Prince Alois and Foreign Minister Dominique Hasler, saw 55.8% of voters backing the move to become the IMF's 191st member. Membership will be formalized on October 21.

Liechtenstein has voted to join the International Monetary Fund (IMF) in a Sunday referendum, aiming for deeper multilateral engagement and financial stability. The wealthy nation, wedged between Switzerland and Austria, saw 55.8% of its voters support becoming the IMF's 191st member, according to official results.

The move had been endorsed by Prince Alois, Liechtenstein's acting head of state, who highlighted that IMF membership would bolster the country's financial stability and provide essential liquidity during emergencies. Foreign Minister Dominique Hasler noted that the decision to join the IMF came after thorough consideration and aligns with the country's active foreign policy objectives.

Hasler also emphasized the additional layer of security IMF membership offers, citing benefits even for well-performing countries. Liechtenstein will officially become a member after finalizing the accession process with the IMF on October 21.

(With inputs from agencies.)