February 14 (SeeNews) - The government of Kosovo has approved an agreement with the European Bank for Reconstruction and Development (EBRD) that involves the lender managing a 1 million-euro ($1.07 million) grant provided by the Western Balkans Investment Framework (WBIF) to support the Kosovo’s water security, minister of finance Hekuran Murati said on Wednesday.
The grant complements the World Bank’s Fostering and Leveraging Opportunities for Water Security (FLOWS) programme for Kosovo, which aims to strengthen water management capacities in the country and improve water security in the Morava e Bices river basin, Murati said, as seen in a government social media video.
For this programme, The World Bank is extending Kosovo a 25.1 million euro loan with a 25 years maturity period with a relief period of five years, the lender has said.
The WBIF grant aims to strengthen financial support for the initiative, Murati noted.
($ = 0.934 euro)