Central Bank of the Republic of Kosovo strengthens Global Partnerships: Productive meetings in Washington D.C. with World Bank Group Leaders

19/04/2024

A high-level delegation from the Central Bank of the Republic of Kosovo (CBK), led by Governor Mr. Ahmet Ismaili, held two important meetings with distinguished Vice Presidents of the World Bank (WB) and International Finance Corporation (IFC), further cementing partnerships vital for Kosovo's financial sector stability. These meetings highlighted key steps toward advancing Kosovo's economic and financial goals.

In the meeting with Ms. Antonella Bassani, Vice President of the European and Central Asia (ECA) Region at the World Bank, Governor Ismaili engaged in substantial discussions regarding the ongoing projects supported by the World Bank aimed at modernizing Kosovo's payment system, as well as the remittance and payments program. These initiatives hold immense significance in enhancing the efficiency and resilience of Kosovo's financial infrastructure.

CBK representatives expressed sincere gratitude for the invaluable contribution of the World Bank to these endeavors, recognizing their pivotal role in bolstering Kosovo's readiness for integration into the Single Euro Payments Area (SEPA), as part of the Strategic Plan of CBK.

In the meeting with Mr. Alfonso Mora, Regional Vice President of the IFC, Governor Ismaili engaged in a productive session, highlighting the significant advancements at the CBK and the fruitful collaboration with the IFC. Noteworthy discussions revolved around ongoing projects related to the regulatory framework concerning microfinance and non-bank financial institutions.

Furthermore, the CBK delegation shed light on upcoming projects in digital financial services, underscoring the mutual commitment to fostering financial inclusion and access to finance in Kosovo, complementing the ecosystem of the financial sector reforms.

Governor Ismaili reiterated the CBK's dedication to ensuring financial stability and resilience for the benefit of all citizens, while reaffirming our strong commitment to partnering with the World Bank Group.