"No initiative for Kosovo's IMF membership"

Božidar Đelić says there are "so far" no initiatives for Kosovo to become a member of the International Monetary Fund, IMF.

Izvor: B92

Monday, 14.04.2008.

14:50

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Bozidar Djelic says there are "so far" no initiatives for Kosovo to become a member of the International Monetary Fund, IMF. Djelic, the deputy premier in the caretaker government, and a high ranking DS official, is in Washington, attending the spring sessions of the World Bank and the IMF. "No initiative for Kosovo's IMF membership" He revealed he learned that no such initiative existed as he met with IMF's Managing Director Dominique Strauss-Kahn. Earlier, Djelic warned that "Serbia would have difficulties to prevent Kosovo acceptance" in these financial institutions, "since this matter would be decided by the majority of capital of the countries that recognized Kosovo's independence". Today, he said that Strauss-Kahn was informed about the state policy, where Belgrade "will never recognize Kosovo and will do all in its power to block the province from entering the IMF". "Mr. Strauss-Kahn told me there were no initiatives to that effect, and that in this sense, we have a couple of more months to fight," Djelic was quoted by Beta news agency. Since Kosovo has so far been recognized by only one African, one Latin American, and four Asian countries, in his words, the IMF, "as a global multilateral organization, cannot allow itself to violate multilateralism in that way". "I think these arguments have great weight," Djelic said. The current economic situation in the country was also discussed with IMF's European department, he added. The main features of Serbia's economy are fast growth in the investment sector, but also those risks stemming from the high trade deficit, and new challenges brought on by the worsening of the global economic outlook. "We have presented an analysis, and we expect that, in the weeks to come, we will continue our dialogue with the IMF," Djelic said, and explained that the caretaker government has no capacity to negotiate a new arrangement with this international financial organization.

"No initiative for Kosovo's IMF membership"

He revealed he learned that no such initiative existed as he met with IMF's Managing Director Dominique Strauss-Kahn.

Earlier, Đelić warned that "Serbia would have difficulties to prevent Kosovo acceptance" in these financial institutions, "since this matter would be decided by the majority of capital of the countries that recognized Kosovo's independence".

Today, he said that Strauss-Kahn was informed about the state policy, where Belgrade "will never recognize Kosovo and will do all in its power to block the province from entering the IMF".

"Mr. Strauss-Kahn told me there were no initiatives to that effect, and that in this sense, we have a couple of more months to fight," Đelić was quoted by Beta news agency.

Since Kosovo has so far been recognized by only one African, one Latin American, and four Asian countries, in his words, the IMF, "as a global multilateral organization, cannot allow itself to violate multilateralism in that way".

"I think these arguments have great weight," Đelić said.

The current economic situation in the country was also discussed with IMF's European department, he added.

The main features of Serbia's economy are fast growth in the investment sector, but also those risks stemming from the high trade deficit, and new challenges brought on by the worsening of the global economic outlook.

"We have presented an analysis, and we expect that, in the weeks to come, we will continue our dialogue with the IMF," Đelić said, and explained that the caretaker government has no capacity to negotiate a new arrangement with this international financial organization.

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