Kosovo: Seeking Recognition and Funds From the IMF

Kosovar officials said May 5 that their country has secured membership in the International Monetary Fund (IMF). Although the Kosovar government said the membership is a step toward full recognition from the global community, as long as Serbia and Russia oppose Kosovo's independence, recognition will not be possible in international organizations requiring unanimity. However, membership in the IMF puts Kosovo in line for a much-needed loan package.