The World Bank to back Kosovo reforms with 90 mln euro

The financing targets government programmes aimed at enhancing domestic revenue mobilization, public finance management, and investment climate, as well as energy efficiency and renewable energy generation, the World Bank said in a press release on Monday.

Repayment of the loan, channelled through the World Bank’s poverty alleviation arm International Development Association (IDA), spans over a 12 year-period, including a 6-year relief period, with no interest or service charge.

The government of Kosovo and the World Bank will proceed to sign a project financing agreement, subject to parliamentary approval.

($=0.922 euro)