Revenue and International
Organisation Division
International Organisations
 |
International
Monetary Fund |
Brunei joined the International Monetary Fund (IMF) in
1995 as its 180th member. Brunei supports IMF's role is to ensure the stability
of the world's monetary system. Brunei contributes SDR145 million (US$210 million) to the
IMF.
 |
The World
Bank
|
Brunei joined the World Bank in 1995 as its 179th
member. Brunei supports the World Bank's role in providing assistance to developing
countries. Brunei contributes US$184 million to the World Bank. The World Bank Group
includes the International Bank for Reconstruction and Development, the International
Finance Corporation, International Development Association, the International Centre for
Settlement of Investment Disputes and the Multilateral Investment Guarantee Agency. At
this time Brunei has not joined these other organisations within the World Bank Group.
 |
Association
of South East Asian Nations
(ASEAN) |
Brunei joined ASEAN in 1984. The Ministry is
responsible for any finance issues and regularly attends sectoral meetings such as the
ASEAN Ministers of Finance Meetings on finance and other related committees or sub-foras
relating to issues looked after by the Ministry. The ASEAN Ministers of Finance Meeting
will be held in Brunei Darussalam in the year 2000.
 |
The
Commonwealth |
Brunei joined the Commonwealth in 1984.
The Ministry is responsible for any finance issues and regularly attends sectoral meetings
on finance such as the Commonwealth Ministers of Finance Meetings and other related
committees or sub-foras relating to issues looked after by the Ministry.
 |
Economic and
Social Commission for Asia Pacific
(ESCAP) |
Brunei joined ESCAP in 1985. ESCAP is a United
Nations' organisation set up to encourage the economic and social growth in Asia and the
Pacific. Brunei contributes to two of ESCAP's institutions - the Asia Pacific Statistical
Institute based in Tokyo and the Asia Pacific Development Centre based in Kuala Lumpur.
 |
Asia Pacific
Economic Cooperation (APEC) |
The Ministry is responsible for any finance issues and regularly attends sectoral
meetings on finance such as the APEC Ministers of
Finance Meetings and other related committees or sub-foras relating to issues looked after
by the Ministry including the Procurement Experts Group and the Committee on Trade and
Investments and the Economic Committee. The Ministry is also a member of the APEC Budget
and Management Committee. The APEC Ministers of Finance meeting will be held in Brunei
Darussalam in the year 2000.
OIC – Organisation of Islamic
Countries
The Organisation of Islamic Countries' role is to
encourage the cooperation and assistance in economic, science, culture and the spirit
according to Islamic principles. Brunei joined OIC in 1984 and contributes its share of
the administrative costs per year estimated at around US$0.75 million per annum.
 |
Islamic
Development Bank |
Brunei is a member of the Islamic Development Bank. The role of the bank is to provide
development funding assistance to Islamic countries.
Asia-Europe Meeting (ASEM)
Brunei joined the first Asia-Europe Meeting (ASEM 1), held in Bangkok in March 1996
which established a new forum for countries in the two regions to step up cooperation in
the economic, political and cultural fields. The forum is intended to balance the existing
links across the Atlantic and Pacific. The Ministry is responsible for any finance issues
and regularly attends sectoral meetings on finance such as the ASEM Ministers of Finance
Meetings and other related committees or sub-foras relating to issues looked after by the
Ministry.
Commonwealth Association of
Tax Administrators (CATA)
Brunei has been a member of this association since 1984. Brunei contributes £12,000
per annum. This association provides training in tax administration and conducts many
training programs conducted by member countries every year. The association meets once a
year in a Commonwealth country.
Study Group on Asian Tax
Administration and Research (SGATAR)
This organisation is a loose and informal gathering of Asian Tax Administrators and
meets annually to discuss issues related to tax collections. Brunei Darussalam is not a
member but is an active participant in many of the group's activities. Brunei Darussalam
has attended the group’s meetings held in Beijing, Manila and Singapore as observers.
