World Bank approves a 50-million-euro support for Kosovo

The World Bank’s Board of Executive Directors approved a Public Finances and Sustainable Growth Development Policy Financing (PDF), which will support Kosovo’s reform efforts to improve fiscal transparency, enhance private sector development, and strengthen environmental sustainability in the wake of the COVID-19 crisis.

This financing for EUR 50.6 million ($56.4 million equivalent) supports selective priorities of the Government Program for the period 2021–2025, the World Bank said in a statement.
 
“The reforms supported by this operation will help the Government of Kosovo in charting a sustainable growth pathway looking beyond the COVID-19 recession,” said Massimiliano Paolucci, World Bank Country Manager for Kosovo and North Macedonia.