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EIB and Kosovo sign Framework Agreement

The European Investment Bank (EIB) will extend the financing in the neighbor country

BY KARAFILLIS GIANNOULIS

The EIB and Kosovo signed a Framework Agreement which will enable Union’s Investment Bank to extend its financing in the neighbor country.

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On June, EIB Vice-President Anton Rop said that the Framework Agreement between EIB and Kosovo will enable the Bank “to extend its financing to projects which are significant for the development of Kosovo’s competitiveness.”

Moreover, the head of the EU office in Kosovo Samuel Zbogar, expressed his satisfaction for the Agreement. “Today’s signature is the result of months of hard work on both sides – the Kosovo Government and the EIB. The return of the EIB to Kosovo is a positive sign for foreign investors and a step towards a better life for the citizens of Kosovo. While the implementation of the Dialogue Agreement between Serbia and Kosovo would bring a necessary feeling of normality to the region, this Framework Agreement marks an important opportunity in the economic and social development of Kosovo.”

The Framework Agreement will allow the EIB to finance various projects in Kosovo. Most of the projects will be in the areas of the environment, transport, telecommunications and energy infrastructure. Moreover the Bank will be able to provide technical assistance focused on the preparation and financing of priority projects which are important for the development of the country.

The Vice-President of the European Commission Olli Rehn and the Commissioner for Enlargement and European Neighbourhood Policy Štefan Füle welcomed the EIB and Kosovo agreement. Rehn and Füle issued a joint statement saying, “the EU is committed to supporting the socio- economic development of Kosovo, beyond divisions on status…The EIB can offer significant experience, in addition to funds, that will be used in line with EU policies and in coordination with the technical advice and financial cooperation that the Commission manages through the Instrument for Pre-accession.”

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