The World Bank\u2019s Vice President for Development Finance, Akihiko Nishio, praised Kosovo\u2019s recent decision to become a contributor to the institution, calling it a historic milestone for the country and a testament to its resilience on the international stage.<\/p>\n
At a press conference alongside Acting Finance Minister Hekuran Murati, Nishio emphasized that Kosovo is now taking its place as a donor in IDA-21 (the International Development Association), thus completing a full cycle in its development journey, according to KosovaPress.<\/p>\n
\u201cA moment of profound significance, not only for Kosovo and the World Bank but also for the global community. Today, Kosovo takes its place as a donor in IDA-21, as the Minister mentioned, thus completing a full circle in its development journey. And this is why I have come to Pristina\u2014to celebrate this moment and share it with you, and to make it known to the world that Kosovo has taken this bold decision, which will help the poorest countries in the world. Despite having endured the wounds of war from 1998 to 1999 and emerging as one of Europe\u2019s most vulnerable economies, Kosovo\u2019s decision to contribute to IDA-21 embodies extraordinary resilience. This step goes beyond symbolism. It is a bold statement that nations that have overcome deep hardship can become champions of global solidarity\u2026 This transition from recipient to contributor is a rare and remarkable story, reflecting Kosovo\u2019s resilience, vision, and unwavering commitment to progress\u2026 Your decision to contribute to IDA-21 strengthens our shared goals: ending poverty and building equitable societies. It challenges us all to reimagine what is possible when countries pursue their path with determination. Determination leads to growth when cultivated through partnership, and that can transcend borders and generations,\u201d Nishio said.<\/p>\n
On his part, Minister Hekuran Murati praised Kosovo\u2019s cooperation with the World Bank, noting that in terms of international agreements, the institution remains the country\u2019s largest financial supporter to date.<\/p>\n
According to Murati, signed and ratified contracts so far amount to 376 million euros.<\/p>\n
\u201cIn terms of financing and cooperation with the World Bank, I can say it is a crucial partner in the inclusive development of our state. The International Development Association has been supportive, and Kosovo has been a member of the World Bank for 15 years, benefiting consistently from IDA support. So far, in terms of international agreements, it is our largest volume supporter. The contracts signed and ratified amount to 376 million euros, while the disbursed support has reached 289 million euros to date. Additionally, we have other agreements underway, either signed or pending, such as the trade and transport support agreement, which will back green corridors and facilitate transport and, hopefully, exports and their continued growth. We also have the health information system project and health sector support, which was signed last year and is awaiting parliamentary ratification. I hope that in the upcoming legislature these agreements will receive the necessary support,\u201d Murati stated.<\/p>\n","protected":false},"excerpt":{"rendered":"
The World Bank\u2019s Vice President for Development Finance, Akihiko Nishio, praised Kosovo\u2019s recent decision to become a contributor to the institution, calling it a historic milestone for the country and a testament to its resilience on the international stage. At a press conference alongside Acting Finance Minister Hekuran Murati, Nishio emphasized that Kosovo is now […]<\/p>\n","protected":false},"author":23,"featured_media":77390,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[163,1803],"tags":[243,151],"acf":[],"yoast_head":"\n