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

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Tue 19th Sep, 2023 09:30

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 organization that is a crucial in regulating global trade and ensuring that it operates in a fair and predictable manner. 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.

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

With that said, it often begs the question of how this body is funded and the procedures that follow. On how this organization is funded? 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 organization’s committee on Budget, Finance, and Administration.

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 concerning the WTO Secretariat. The Committee reports to the General Council.

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 the 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