Following the approval of the Growth Plan with the European Union, the Assembly of Kosovo has ratified another major international financial agreement worth €90.3 million, aimed at strengthening fiscal effectiveness, boosting competitiveness, and supporting green development initiatives in Kosovo.
The agreement was reached with the International Development Association, which operates within the World Bank framework. The deal received overwhelming parliamentary support, with 103 lawmakers voting in favor, no votes against, and five deputies from Lista Serbe abstaining.
Kosovo’s Finance Minister, Hekuran Murati, confirmed that the agreement was originally signed in April 2024 and provides highly favorable financing conditions. According to Murati, the loan has a 12-year maturity period with a 0% interest rate, while repayment obligations will begin only after a six-year grace period.
Murati emphasized that Kosovo has fulfilled all its obligations toward the World Bank, highlighting the agreement as one of the most advantageous financing arrangements the country has secured to date. The funding is expected to support economic reforms, improve public financial management, and promote environmentally sustainable development policies.
The approval of this agreement marks another step in Kosovo’s efforts to secure international financial support aimed at accelerating long-term economic growth and institutional reforms.
