Foreign Aid
Subsequent to the outbreak of hostilities with NATO, Belgrade received no foreign aid from the United States and other west European countries, but has received much aid from other countries such as Russia and Greece. Since October 2000, however, the European Union aid has steadily increased, and U.S. restrictions on aid have fallen away as the union of Serbia and Montenegro stepped forward to meet its international obligations. In June 2003, U.S. Secretary of State Colin Powell was able to certify that Serbia and Montenegro relationship with the Republika Srpska was consistent with the Dayton Accords, had released all political prisoners, and was cooperating with ICTY. As a result, the United States is now free to release aid money and support Serbia and Montenegro in international financial institutions, such as the IMF and World Bank. Total U.S. aid to Serbia and Montenegro, including debt forgiveness, exceeded $180 million in fiscal year 2002. The U.S. is the single-largest donor of aid to Serbia and Montenegro.
Read more about this topic: Foreign Relations Of Serbia And Montenegro
Famous quotes containing the words foreign and/or aid:
“I am ... willing to make it clear that American foreign policy must uphold the sanctity of international treaties. That is the cornerstone on which all relations between nations must rest.”
—Franklin D. Roosevelt (1882–1945)
“Frustrate a Frenchman, he will drink himself to death; an Irishman, he will die of angry hypertension; a Dane, he will shoot himself; an American, he will get drunk, shoot you, then establish a million dollar aid program for your relatives. Then he will die of an ulcer.”
—Stanley Rudin. The New York Times (August 22, 1963)