The Government of Kosovo held its first meeting, during which it approved several financial agreements that will now be submitted to the Assembly for ratification.
At this meeting, the ratification of the agreement between Kosovo and the EU on arrangements for implementing EU support to Kosovo under the Instrument for Reform and Growth was also put to a vote.
Kosovo Prime Minister Albin Kurti said the purpose of the agreement is to create the necessary legal basis for Kosovo to benefit from EU funds.
“The purpose of this agreement is to create the necessary legal basis for Kosovo to benefit from EU funds. We need investments that are aligned with the EU’s economic security. The EU growth plan is the right response to accelerate the reforms we have just started,” Kurti said.
Another key draft law was the ratification of the loan agreement for the Instrument for Reform and Growth for the Western Balkans between Kosovo and the EU—a credit agreement worth 629 million euros.
“The agreement aims to accelerate alignment with EU legislation, regional economic integration, and socio-economic convergence with the EU, complementing pre-accession instrument funds. At the center of this commitment is Kosovo’s reform agenda,” Kurti said.
Another major draft law is the ratification of the Financing Agreement for the First Program on “Financing Development Policies for Fiscal Efficiency, Competitiveness, and Green Growth” between Kosovo and the International Development Association, part of the World Bank, with a total value of 90.3 million euros.
Finance Minister Hekuran Murati said the repayment period is 12 years with a zero percent interest rate. The agreement is expected to be ratified by the Assembly by February 13, the final date scheduled for this process.
Murati said Kosovo has met all objectives with the World Bank, including legal reforms.
“The government signed the loan agreement for the first program on financing development policies on April 18. Kosovo receives budget support of 90.3 million euros since it has met all objectives with the World Bank, including various legal reforms. The development policies are fully in line with laws and other administrative acts, aimed at ensuring long-term macroeconomic stability,” Murati said.
Additionally, the ratification of the KOMPAS project was approved, Kosovo’s comprehensive approach to strengthening the health system, represented by the Ministry of Finance and the International Development Association, valued at 18.6 million euros. The main goal is to build institutional capacity to improve the quality of care in Kosovo’s health system.
The Assembly also ratified the loan agreement for the Early Childhood Education and Human Capital Development project in Kosovo, also valued at 18.6 million euros.
