The Ministry of Finance and the World Bank have signed two agreements today with a total value of €96 million, aimed at strengthening the financial sector and facilitating trade in Kosovo.
The agreements include the Financial Sector Development Project (FSDP) worth €50 million, as well as the Western Balkans Trade and Transport Facilitation Project 2.0 (TTFP 2.0), which consists of a €35 million loan and a €12 million grant. These projects aim to support structural reforms and strategic investments in line with European Union standards.
“The Financial Sector Development Project will support the establishment and operationalization of a Development Bank, the capitalization of key financial institutions, the expansion of credit guarantee instruments for businesses, as well as the development of modern payment infrastructure through a fast payment system. Meanwhile, the Trade and Transport Facilitation Project aims to improve infrastructure and procedures at border crossing points, digitize trade processes, and enhance market competitiveness, bringing the country closer to European networks and standards,” the statement said.
Minister of Finance Hekuran Murati emphasized that these agreements represent important steps toward strengthening financial stability and the country’s economic development.
“They improve access to finance for businesses and increase trade efficiency, directly contributing to the modernization of our economy,” he said.
Meanwhile, Xiaoqing Yu, representative of the World Bank, thanked Minister Murati for the effective cooperation, expressed optimism for the timely implementation of the projects, and reaffirmed the World Bank’s commitment to deepening cooperation in future initiatives.
