“Withdrawing funds from Pension Trust would further fuel inflation”

The World Bank’s Lead Country Economist for the Western Balkans, Richard Record, said that he is against the withdrawal of funds from the Kosovo Pensions Savings Fund because in his opinion this would further fuel inflation which now stands over 12 percent.

“The proposed measure to allow for the second round of considerable withdrawals from the Kosovo Pensions Savings Trust would be regressive, it would threaten the long-term sustainability of the pension system and would further fuel inflation,” he said.

“Measures in response to the inflation must be targeted with a limited timeline”.

For several months, the opposition has been saying that citizens should be allowed to withdraw up to 30 percent of their funds from the pension fund to easier cope with the increased inflation.