AlHijjah 17, 1432, Nov 13, 2011, SPA -- The International Monetary Fund says Kosovo's limited access to global markets has spared it from financial turmoil in the eurozone crisis, even though the country's official currency is the euro, AP reported. In a statement posted on its website on Sunday, the IMF said "Kosovo has remained largely unaffected by financial turbulence in the euro area, owing to limited integration into global financial markets." More than 80 countries have recognized Kosovo's 2008 secession from Serbia, and its 2009 membership in the IMF boosted the country's international standing. But in May the IMF reduced Kosovo to a country with an informal partnership, slashing its financial support after the government pressed ahead with a pay raise for public servants despite budgetary constraints.
