World Bank funding two projects in Kosovo, amounting 20 million USD

Through an agreement signed in Pristina, Kosovo Government will benefit from the World Bank 20 million dollars for the implementation of 2 projects.

12.3 million dollars will be spent for property (real estate) registration and cadastre in Kosovo, while the rest 8 million dollars will be invested in public administration aimed at modernizing the public sector.

Prime Minister of Kosovo, Hashim Thaci thanked the World Bank for continued support it has given Kosovo. Implementation of these agreements, according to Thaci, will have direct impact in further strengthening economic and public institutions.

On the other hand, World Bank Director for Kosovo, Ranjit Nayak said that the purpose of these projects is to establish the basis for agricultural projects in the future, to establish the cornerstone for the property market and to prepare Kosovo for investments.

These two agreements will enable the improvement of public financial management at all levels and will support the development of agricultural sector, especially the treatment of property rights.

Kosovo is a full member country of the World Bank since 2009.