UNDP Engages In National Development Finance Assessment in Kosovo

The Kosovo Banking Association held a virtual meeting with UNDP representatives in Kosovo.

During the meeting was discussed about the challenges that the financial sector is facing, with special emphasis to the difficult financial situation of businesses as a result of the restrictions and measures taken by the Government of Kosovo in order to reduce the number of cases with COVID-19.

It was emphasized that in addition to the pandemic situation, the challenge of doing business in Kosovo continues to be the implementation of the contract, namely the efficiency of the judicial system, informal economy, level of vocational education, financial education, etc.

It was assessed that the agro-culture sector is one of the most important areas for the economic development of the country, representing as one of the most potential areas for increasing the country's exports, as well as increasing employment. It was estimated that through the Credit Guarantee Fund, this sector, but also other sectors can benefit more, through the mediation of this fund.

Both parties agreed to continue talks in the future.