Washington: Kosovo on Tuesday became the 186th member of the International Monetary Fund (IMF) after its President Fatmir Sejdiu and Prime Minister Hashim Thai signed the IMF’s original Articles of Agreement at a ceremony in Washington.
“It gives me great pleasure to welcome Kosovo, the first new member to join the Fund during my tenure,” said managing director Dominique Strauss-Kahn.
“Kosovo’s decision to join the Fund highlights the enduring importance of multilateralism in today’s world,” he said. Strauss-Kahn expressed satisfaction with progress made in institution building in Kosovo.
“I am particularly pleased with the commitment of the Kosovar authorities to further strengthening the sustainability of their policy framework.”
Initial quota in the IMF is about $91.5 million. Kosovo’s share of total Fund quotas would be 0.027%. With the admission of Kosovo, total members’ quotas in the IMF rises to SDR 217.43 billion, the IMF said in a statement.