The Central Bank of the Republic of Kosova and the Bank of France (Banque de France) advance cooperation and sign a new Agreement

As part of the 2026 Spring Meetings of the International Monetary Fund and the World Bank, held in Washington DC, the Governor of the Central Bank of the Republic of Kosova (CBK), Mr. Ahmet Ismaili, accompanied by Non-Executive Board Member Ms. Nora Latifi-Jashari, Deputy Governor Mr. Dardan Fusha, and other accompanying officials, held a bilateral meeting with senior representatives of the Bank of France to further advance inter-institutional cooperation.

During this meeting, a new Agreement was signed between the Governor of the CBK, Mr. Ahmet Ismaili, and Mr. Ivan Odonnat, Director General for Operations and Financial Stability at the Banque de France, expanding cooperation in the area of asset and international reserve management, including new asset categories.

On this occasion, Governor Ismaili underlined the strategic importance of this Agreement for Kosovo’s financial sector, noting that it represents an important step in broadening and modernizing the reserve management framework in line with new global developments.

The framework established through this Agreement enables the CBK to open allocated accounts for non-monetary reserves, ensuring full ownership and clear segregation from third-party assets. It also enables CBK to use these reserves as collateral in international operations, providing additional flexibility and opportunities for more efficient liquidity management.

Within the framework of this cooperation, discussions also covered capacity building for the CBK, the development of specialized training programs, and opportunities for engagement in other areas, including capacity building in ESG, participation in relevant networks, as well as cooperation with other important institutions supported by the Bank of France.

For his part, Mr. Odonnat highlighted the Bank of France’s commitment to supporting central banks in implementing sustainable, transparent, and secure reserve management practices.

This Agreement complements the CBK’s other initiatives, including its active investment mandate and participation in the World Bank Group Treasury’s RAMP Program, further strengthening its capacities for the effective management of reserve assets.

Through the combination of operational efficiency, transparency, and alignment with international standards, this Agreement marks an important advancement in the CBK’s strategic reserve management, contributing to the country’s long-term financial stability and institutional resilience.