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
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