Kosovo`s Pension Trust still without a management board
Kosovo’s Pension Trust remains without a management board. The committee for the selection of board members has not answered Radio Kosova as to how far they have proceeded with the selection of new board members. As a result of the fluctuation of global markets, the Trust, from January to December of 2022, has lost over 118 million euros.
As of February 28, 2023, the mandate of all members of the Board of Directors of the Kosovo Pension Savings Fund has ended. In the absence of the Board, the savings collected by the Trust during these months cannot be invested in financial markets.
The vacancy for the election of new members has closed on December 23, 2022, but since then the responsible committee has not yet reviewed the applicants.
The committee consists of the Minister of Finance, the Governor of the Central Bank of Kosovo, and the Auditor General.
Radio Kosova has sent questions to all these responsible institutions but received answers only from the Information Office of the Central Bank of Kosovo.
The spokesperson of the CBK, Kushtrim Ahmeti, told Radio Kosova via e-mail that this institution has requested answers from the Ministry of Finance and the Auditor General, regarding the process for the members of the Governing Board of the Kosovo Pension Savings Fund. But according to him, they have not received any response so far.
Earlier, the Kosovo Pension Trust announced to the media that all procedures were completed by the Fund, such as the opening of the competition on time and the sending of candidates for examination to the responsible Commission.
As a result of the fluctuation of global markets, the Trust from January to December 2022, has lost over 118 million euros.