Welcome Letter
IFMSA Dues Structure
The IFMSA Budget is based on dues from its National Member Organizations. The good news is, IFMSA has a Vice President on Internal Affairs who will help you develop strategies to fundraise and pay your expenses, including the IFMSA dues!
The member organizations of IFMSA are divided into six categories according to the Gross National Product per capita of their countries (this data shall be obtained annually from the World Bank, (www.worlbank.org):
A: 0 - 500 USD
B: 501 - 2.000 USD
C: 2.001 - 5.000 USD
D: 5.001 - 12.500 USD
E: 12.501 - 20.000 USD
F: 20.001 and over USD
The organizations of the different categories shall pay a membership fee according to the following:
A: Factor (F)
B: 3 times Factor (F)
C: 6 times Factor (F)
D: 17 times Factor (F)
E: 21 times Factor (F)
F: 23 times Factor (F)
The Factor (F) is determined annually by the General Assembly in the budget, after proposal of the Executive Board. For the year 2004-2005, the F-Factor is 84.
Countries with a population of less than one million inhabitants shall pay half of the fee calculated above and countries with a population of less than half a million shall pay one quarter of the fee calculated above.
Candidate members do not pay a membership fee. Associate members shall pay the same fees as full members.
All payments for membership fee must be paid at the latest before the second plenary session of the August General Assembly Meeting.
The financial year of IFMSA runs from the 1st of October to the 30th of September.