The International Monetary Fund (IMF) on Friday became the first major international institution to offer Kosovo membership. Since its declaration of independence in February 2008, Kosovo has been recognized by dozens of countries, including the United States and many Western European governments. The IMF's voting structure allowed Kosovo to gain membership, DPA reported. Kosovo's Prime Minister Hashim Thaci on Wednesday said that IMF membership "represents another historical act for Kosovo and its future in Europe and Euro-Atlantic structures." The IMF on Friday said its executive board had certified a vote by the organization's 185 members, approving Kosovo's membership. Pristina still must formally accept the offer to join. In addition to expanding Kosovo's international profile, membership in the IMF would give the country access to economic aid from the global lender. World leaders last month agreed to triple the IMF's resources to help countries suffering in the ongoing global recession. Joining the IMF will allow Kosovo to apply for membership in the World Bank, the IMF's sister agency, which focuses more on aid to developing countries. Thaci said he expected Kosovo to join the World Bank in June.
