Press Release: Kosovo Becomes the International Monetary Fund's 186 th Member

IMF News, June 29, 2009

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Canonical URL: Press Release: Kosovo Becomes the International Monetary Fund's 186 th Member

Date: June 29, 2009
The Republic of Kosovo became the 186 th member of the International Monetary Fund (IMF) when President Fatmir Sejdiu and Prime Minister Hashim Thaçi signed the IMF’s original Articles of Agreement at a ceremony in Washington D.C.
Managing Director Dominique Strauss-Kahn welcomed President Sejdiu and Prime Minister Thaçi into the Fund at IMF headquarters.

Managing Director Dominique Strauss-Kahn: “It gives me great pleasure to welcome Kosovo, the first new member to join the Fund during my tenure.”
Strauss-Kahn emphasized: “Kosovo’s decision to join the Fund highlights the enduring importance of multilateralism in today’s world.”
The Managing Director expressed satisfaction with progress made in institution building in Kosovo and noted: “I am particularly pleased with the commitment of the Kosovar authorities to further strengthening the sustainability of their policy framework.”

Kosovo’s initial quota in the IMF: SDR 59.0 million
Equivalent in U.S. dollars (as stated): about US$ 91.5 million
Kosovo's share of total Fund quotas: 0.027 percent
With the admission of Kosovo, total members' quotas in the IMF rises to SDR 217.43 billion

A member's quota in the IMF determines in particular its capital subscription, its voting power, its access to IMF financing, and its share in a general allocation of SDRs.

Source: Press Release No. 09/240 — Press Release: Kosovo Becomes the International Monetary Fund's 186 th Member