Governor Ismaili welcomes a high-level delegation of the Treasury of World Bank – RAMP Program for Discussions on Reserve Management and Capacity Building

The Governor of the Central Bank of the Republic of Kosovo, Mr. Ahmet Ismaili, accompanied by his team, welcomed a delegation from the World Bank’s Reserve Advisory and Management Partnership (RAMP), to the CBK for discussions on reserve management strategies and capacity building initiatives.

Governor Ismaili expressed sincere appreciation for the visit of the high-level delegation of the World Bank, which occurred just six months after becoming a member of RAMP in October of 2023. Since joining, the Central Bank of the Republic of Kosovo has already benefited significantly from RAMP’s comprehensive training and capacity building program. The Governor highlighted the crucial role this program plays in enhancing the Central Bank’s capabilities and ensuring efficient reserve management practices.

Furthermore, Governor Ismaili underscored CBK’s unwavering commitment to strengthening its Investment Policy in accordance with international best practices. The Governor reiterated CBK’s openness to leveraging the support provided by RAMP programs to achieve this objective effectively. By aligning with best standards, CBK aims to enhance its financial stability and contribute positively to the strengthening of the institution.

During the meeting, discussions also focused on the progress made towards Environmental, Social, and Governance (ESG) responsible investments. Governor Ismaili emphasized CBK’s dedication to this goal, which is prominently featured in the CBK’s Strategic Plan. By integrating ESG principles into its investment framework, CBK seeks to foster sustainable development and uphold ethical standards in its reserve management activities.

Furthermore, the delegation will conduct a portfolio review, assessing asset allocation, reviewing tranching approaches, and discussing liquidity management. Additionally, there will be discussions about indexation strategies and portfolio benchmarking practices.

Governor Ismaili expressed gratitude to the World Bank RAMP delegation for their valuable insights and collaborative efforts in advancing reserve management practices and capacity building initiatives at the Central Bank of Kosovo. The fruitful exchange of ideas and expertise during the meeting further strengthens the partnership between CBK and the World Bank Group, paving the way for continued progress and success in achieving mutual objectives