Business News

World Bank approves first loans to Kosovo

Mar 10, 2010, 12:35 GMT

Pristina - The World Bank on Wednesday approved the first loans to Kosovo, the former Serbian province that declared independence two years ago and is still struggling for full international recognition. The World Bank office in Kosovo said two loans worth a total of 20 million dollars were approved to help Kosovo's authorities bring order to the property registries and modernization of the administration. Kosovo has been recognized by 65 nations, including the United States and other leading Western powers, but has remained locked out of the United Nations by Serbia's ally Russia. Despite the row over its recognition, which Serbia took to the UN's International Court of Justice, Kosovo was allowed to join the World Bank and the International Monetary Fund in June. The former province, with a majority Albanian population, has a moribund economy and is plagued by unemployment and corruption. It also faces potential instability as it attempts to assert full control over its territory, including a large and hostile Serb enclave in the north.

On the Web

Blowing Up Blogs

Place your ad here
Loading...

Your Talkback on this Story

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Like M&C on Facebook

Custom Search

Viral Web

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games Herald; XPRNC; Deutschland (Der Technikbote); Deutschland (Bellalu)

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2012 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint