|
Pristina, Kosovo, May 10, 2018—
IFC, a member of the World Bank Group, has signed an agreement with Kosovo’s Ministry of Trade and Industry to help improve the business environment by reforming the business inspections system, simplifying administrative procedures, and providing better services to investors.
The agreement is part of IFC’s Investment Climate Project in Kosovo, which aims to boost the competitiveness of smaller businesses in the country by reducing the costs of complying with regulations, and help attract and retain investment by strengthening the legal and policy framework.
“The number of investors ready to enter the Kosovo market is increasing," said Bajram Hasani, Minister of Trade. “With this project, we want to reduce the number of unnecessary business inspections, ease the administrative burden for businesses, and serve investors more efficiently.”
“Our goal is to improve Kosovo’s investment climate for both domestic and foreign investors,” said Thomas Lubeck, IFC Regional Manager for Central and Southeast Europe. “We will be working with the Ministry of Trade and Industry on regulatory reform to help increase transparency and attract investment to Kosovo to boost economic growth and job creation.”
The Swiss Government has contributed $2.3 million to the broader Investment Climate Project, which will be implemented through 2020. The project is aligned with the Swiss Cooperation Strategy’s objectives for Kosovo 2017-2020 to create an enabling environment for businesses and increase investment.
About IFC
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit
www.ifc.org
Stay Connected
|
