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OceaniaIMF Member Since 1947
Australia
Australia joined the IMF in 1947 and maintains a stable SDR position. Australia's strong commodity-driven economy and prudent fiscal management mean it has never needed to draw on IMF resources. The Reserve Bank of Australia actively manages SDR holdings within its foreign reserve framework. Australia's quota share has gradually declined from 1.9% to 1.38% as Asia-Pacific economies grew faster.