US and Kosovo sign a financial agreement
The incumbent Prime Minister Avdullah Hoti and US Ambassador to Kosovo Philip S. Kosnett on Friday signed a new Investment Promotion Agreement (IIA) enabling the US Corporation for International Financial Development (DFC), to the American Development Bank, to bring its full range of financial products to Kosovo. A press release from the US Embassy in Kosovo states that “US law requires that every country, including Kosovo, enter into an Investment Promotion (IIA) agreement with the US for DFC to offer the full range of its financial products, which include debt financing, equity investments, political risk insurance and technical assistance grants”.
Today's signing comes after Adam Boehler’s visit, DFC's chief executive, to Kosovo in September. During that visit, Boehler had signed a joint statement with Prime Minister Hoti on expanding DFC's investment focus in Kosovo to strengthen transportation infrastructure, energy, technology and other industries.
