Kosovo to Join IMF and WB by June

Kosovo is expected to join the International Monetary Fund and World Bank by June of this year, stated the country’s Minister of Economy and Finance.

In an interview for Voice of America, Minister Ahmet Shala, declared that the application process has been completed, and that membership should occur in the upcoming months.

“We applied for membership on April 7, a process that is expected to be completed by June this year”, he said.

According to him, the World Bank’s board has already approved the beginning of the membership process for Kosovo.

Minister Shala was in Washington at the International Monetary Fund and World Bank annual Spring Meeting representing Kosovo, a trip he said he used to gain economic support for the country, from different representatives from nations worldwide.

Kosovo’s institutions have been eager to gain membership to international mechanisms and organisations since its declaration of independence on February 17, 2008, in order to legitimize its statehood and sovereignty to the rest of the world.