Kosovo's succession gained another supporter today when the International Monetary Fund recognized its separation from Serbia and will now go through the membership application process.
The IMF has been the first international institution to recognize the newly independent state but actual membership is no certain thing. Apparently Russia and Serbia are still sore over the independence movement and will attempt to block Kosovo's membership application.
Unfortunately for Russia and Serbia, money matters in the IMF and the United States contributes more SDR's (special drawing rights) than both of them combined. This is important because in the IMF the more money you contribute, the more votes you wield. This gives the United States, who backs the succession of Kosovo, a better chance to ensure IMF membership for Kosovo than Russia and Serbia have to block it.
Money speaks again!
- blenCOWe
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