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EBRD, Kosovo agree to boost support to govt institutions

Feb 26, 2024, 3:45:55 PMArticle by Genta Hodo
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February 26 (SeeNews) - The European Bank of Reconstruction and Development (EBRD) said on Monday it signed a memorandum of understanding (MoU) with Kosovo's government to help governmental institutions support infrastructure upgrades, green economy transition, regional integration and the private sector.

EBRD, Kosovo agree to boost support to govt institutions
Photo: EBRD

The combined value of these potential initiatives, aligned with the EBRD’s country strategy for Kosovo 2022-2027, is estimated at 400 million euro ($434 million), the bank said in a press release.

As part of the agreement, the EBRD and Kosovo's government identified several priority projects in key areas such as road and railway infrastructure, wastewater and solid-waste-management projects, renewable energy and telecommunications. Potential cooperation will also be aimed at developing tailored financial products and policy reform to support a more competitive and inclusive private sector.

The MoU was signed at the sidelines of the Western Balkans Investment Summit 2024 that was held in London on Monday.

($=0.921 euro)

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