Turkey has become one of the top contributors to the UN budget, allowing it to become a full member of the Geneva Group - a 16 member group founded half a century ago, which focuses on improving governance and management across UN, the Turkish foreign ministry said on Thursday.

To become a full member countries are required to make more than 1% contribution to UN's budget - which is $5.53 billion for 2014-2015. 

Turkey contributed 1.32 per cent to the 2013 UN budget, which is worth $37 million.

The Geneva Group also "possess like-mindedness” on administrative and financial matters and its members are; Australia, Belgium, Canada, France, Germany, Japan, Italy, Mexico, the Netherlands, Russia, South Korea, Spain, Sweden, Switzerland, the U.S. and the U.K.

The Geneva Group is permanently co-chaired by the US and the UK, the UN Directors meet twice a year.