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New Kosova Report

Thursday
Jan 08th
Kosovo to join IMF in spring PDF Print E-mail
Wednesday, 22 October 2008

ImageKosovo will become member of the International Monetary Fund and World Bank, said the Kosovo Minister of Economy and Finance Ahmet Shala during a conference for the media after returning from the visit to Washington, where along with the governor of the Kosovo Central Bank he attended in observer’s status the annual meeting of the IMF and the World Bank.  

According to Shala, the process of membership is going according to plan, and by November the committee of membership of the IMF will state the level of shares in accordance with the economic power of our country, expected to be similar to that of the neighboring countries such Albania, Macedonia, or Montenegro.

"The decision by that committee will be presented to the government of Kosovo and afterwards to the parliament for approval," said Shala.

Governor of the Kosovo Central Bank, Hashim Rexhepi, said that membership in the IMF and World Bank will increase the support for economic development, the stability of macroeconomic policies, and development projects.

The Kosovar delegations during this visit also met with officials of the American agency for preferential economic and trade relations, and expect a positive decision by the American president to grant this status to Kosovo.
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