ASSESSMENTS

Kosovo: Seeking Recognition and Funds From the IMF

May 6, 2009 | 20:13 GMT

Summary

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.

Kosovo's International Monetary Fund membership will relieve the pressure on the European Union to bolster Kosovo's economy....

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