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Top 10 African countries that contributed the most money to WTO’s 2023 budget

September 19th 2023, 12:30:00 pm
Top 10 African countries that contributed the most money to the WTO’s 2023 annual budget
  • Business Insider Africa presents the top 10 African countries that contributed the most money to the WTO’s 2023 annual budget.
  • This list is from the WTO’s annual report. 
  • South Africa sits far ahead at the top spot in this list.

The World Trade Organization (WTO) is an intergovernmental body responsible for regulating and facilitating international commerce.

It is an organisation that is crucial in regulating global trade and ensuring that it operates fairly and predictably.

Established in 1995, the WTO provides a platform for member countries to negotiate trade agreements, resolve trade disputes, and promote a rules-based international trading system. To carry out its functions effectively, the WTO requires financial resources.

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This mammoth organisation needs little introduction, as everyone conversant with the global economy is fully aware of just how important the WTO is.

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With that said, it often begs the question of how this body is funded and the procedures that follow.

The simple answer is that the WTO is funded annually by contributions from its 164 members. As for the procedure that follows, this is typically under the jurisdiction of the organisation’s committee on Budget, Finance, and Administration.

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According to the WTO annual report, the Committee on Budget, Finance, and Administration monitors the WTO’s budgetary and financial matters.

It considers issues concerning human resources management, hears progress reports on the WTO pension plan, and deals with financial and administrative matters pertaining to the WTO Secretariat. The Committee reports to the General Council.

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Included in the report is the committee's listed quota of each of the 164 member countries to the consolidated budget 2023 in Swiss Franc (CHF).

Below are 10 African countries which contributed the most to WTO’s 2023 annual budget.

Rank Country Contribution in CHF
1. South Africa 856,290
2. Nigeria 523,940
3. Egypt 502,435
4. Morocco 381,225
5. Angola 240,465
6. Ghana 189,635
7. Tunisia 172,040
8. Democratic Republic of the Congo 125,120
9. Kenya 123,165
10. Côte d'Ivoire 109,480
Chinedu Okafor
Chinedu is a Senior Reporter at Business Insider Africa with 5 years experience creating profoundly engaging and insightful content.

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