World Bank Regional Director for Western Balkans Visits Kosovo to Discuss Development Challenges and Priorities

Stocks and Financial Services Press Releases Thursday September 28, 2017 08:22
PRISTINA--28 Sep--World Bank

PRISTINA, September 27, 2017 — The World Bank's Regional Director for Western Balkans, Ms. Linda Van Gelder, completed a two-day visit to Kosovo today, which focused on meeting with the recently-elected government of Kosovo and discussing the country's development challenges and priorities.

During her visit, Ms. Van Gelder met with Mr. Ramush Haradinaj, Prime Minister of Kosovo, Mr. Bedri Hamza, Minister of Finance, and Mr. Valdrin Lluka, Minister of Economic Development, to establish a dialogue on World Bank assistance ahead of the World Bank Group's Annual Meetings, to be held on October 13-15 in Washington DC.

The meetings focused on the priorities of the newly-approved Government Program, the objectives of the new World Bank Group Country Partnership Framework for 2017-2021, and the lending pipeline for fiscal years 2018 and 2019, with a particular focus on the energy sector.

"The recently approved framework of assistance for Kosovo is consistent with the new government's program and we will continue to support Kosovo in moving toward more sustainable, export-oriented growth so its citizens are provided more opportunities for a better life," said Ms. Linda Van Gelder, World Bank Regional Director for the Western Balkans. "The lending program will continue to be discussed and, hopefully, confirmed with the Kosovo delegation at the Annual Meetings," added Van Gelder.

The active World Bank lending portfolio in Kosovo amounts to around $161 million across seven projects in the areas of energy, education, cadastre, agriculture, health, water, and competitiveness. Since 1999, the World Bank has provided to Kosovo and/or managed roughly $440 million through more than 30 projects. World Bank Group financing to Kosovo during the Country Partnership Framework for 2017-2021 period is estimated to range between $210 - $280 million. Kosovo is eligible for financing from the International Development Association (IDA) of the World Bank Group, which provides credits on concessional terms, with very low interest charges and long repayment periods.

Ms. Van Gelder was appointed as Reginal Director for Western Balkans on July 1, 2017 and is leading the policy dialogue with the six countries in the Western Balkans in support of reform priorities and efforts toward EU accession.


Latest Press Release

AEON partners with JCB to launch AEON J-Premier Platinum Credit Card to offer exclusive privileges throughout Thailand and Japan

AEON Thana Sinsap (Thailand) Public Company Limited partners with JCB International (Thailand) Co., Ltd. to launch "AEON J-Premier Platinum Credit Card" that will allow Thais to enjoy everything Japan, with exclusive privileges and offers in dining,...

China and Europe post double digit increases in RD spending

- China and Europe increase R&D spending the most as global R&D investment reaches US$782bn - 88 companies outperform industry peers on sustained financial success with modest R&D spend - Amazon retains top spot as world's largest corporate...

Photo Release: EXIM Thailand Hosts 6th Council of Specialized Financial Institutions Meeting in 2018

Mr. Pisit Serewiwattana (forth right), President of Export-Import Bank of Thailand (EXIM Thailand), welcomed Mr. Pornchai Triraveja (fifth right), Fiscal Policy Advisor of Fiscal Policy Office (FPO), and Mr. Chatchai Sirilai (fifth left), President of...

Kinesis Money and Allocated Bullion Exchange Explore Creating a Joint Commercial Blockchain Venture with Jakarta Futures Exchange in Indonesia

Today, Jakarta Futures Exchange (JFX), the leading futures and derivatives exchange group in Indonesia, have announced an expanded Memorandum of Understanding (MOU) with Kinesis Money and Allocated Bullion Exchange (ABX). The partnership will seek to...

Photo Release: SCB and Mae Fah Luang University Make Headway for Cashless Society with Smart University Program

"The Siam Commercial Bank (SCB)", the leader in digital lifestyle banking, continues to pave way for a cashless society at universities across Thailand. The partnership with Mae Fah Luang University continues its "Smart University" program. MFU App is...

Related Topics