Kosovo joins IMF, World Bank
Kosovo joined the International Monetary Fund and the World Bank on Monday, becoming the 186th member of the multilateral mul·ti·lat·er·al
1. Having many sides.
2. Involving more than two nations or parties: multilateral trade agreements. institutions a little more than a year after independence.
Kosovo President Fatmir Sejdiu Fatmir Sejdiu (born October 23, 1951) is the 2nd and current President of Kosovo, a Serbian province under UN administration since the 1999 Kosovo War.
He was born in the small village of Pakaštica near Podujevo, in Kosovo, Yugoslavia (now Serbia). and Prime Minister Hashim Thaci signed the institutions' articles of agreement at the US State Department.
The accession Coming into possession of a right or office; increase; augmentation; addition.
The right to all that one's own property produces, whether that property be movable or immovable; and the right to that which is united to it by accession, either naturally or artificially. marks a milestone for recognition of the tiny country, one of Europe's poorest, as an independent state.
Since ethnic Albanian-majority Kosovo broke away from Serbia and became independent on February 17, 2008, 60 countries -- including the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and 22 of the European Union's 27 member nations -- have recognized its independence.
Serbia is backed by ally Russia in its opposition to the secession, which it considers a breach of international law.
"We will do our best to be worthy to be equal to all of the rest of the world," Kosovo's finance minister, Ahmet Shala, said at a news conference at the IMF IMF
See: International Monetary Fund
See International Monetary Fund (IMF). headquarters.
"I believe with this membership more countries are going to recognize Kosovo," he added.
Serbia has won the right to seek an opinion on the dispute from the International Court of Justice (ICJ ICJ
International Court of Justice ).
In April, the ICJ confirmed that it had received legal arguments from Serbia and Kosovo on the dispute along with the written views of 35 UN members, including 21 that have recognized the declaration of independence.