Pristina, Kosovo, May 10, 2018—IFC,
a member of the World Bank Group, has signed an agreement with Kosovo’s
Ministry of Trade and Industry to help improve the business environment
by reforming the business inspections system, simplifying administrative
procedures, and providing better services to investors.
The agreement is part of IFC’s Investment Climate Project in Kosovo, which
aims to boost the competitiveness of smaller businesses in the country
by reducing the costs of complying with regulations, and help attract and
retain investment by strengthening the legal and policy framework.
“The number of investors ready to enter the Kosovo market is increasing,"
said Bajram Hasani, Minister of Trade. “With this project, we want to
reduce the number of unnecessary business inspections, ease the administrative
burden for businesses, and serve investors more efficiently.”
“Our goal is to improve Kosovo’s investment climate for both domestic
and foreign investors,” said Thomas Lubeck, IFC Regional Manager for Central
and Southeast Europe. “We will be working with the Ministry of Trade and
Industry on regulatory reform to help increase transparency and attract
investment to Kosovo to boost economic growth and job creation.”
The Swiss Government has contributed $2.3 million to the broader Investment
Climate Project, which will be implemented through 2020. The project is
aligned with the Swiss Cooperation Strategy’s objectives for Kosovo 2017-2020
to create an enabling environment for businesses and increase investment.
IFC—a sister organization of the World Bank and member of the World Bank
Group—is the largest global development institution focused on the private
sector in emerging markets. We work with more than 2,000 businesses worldwide,
using our capital, expertise, and influence to create markets and opportunities
in the toughest areas of the world. In FY17, we delivered a record $19.3
billion in long-term financing for developing countries, leveraging the
power of the private sector to help end poverty and boost shared prosperity.
For more information, visit www.ifc.org
For information about the Kosovo Ministry of Trade and Industry, visit:
For information about the Swiss Embassy in Kosovo, visit: www.eda.admin.ch/pristina
For information about SECO in Kosovo, visit: www.fdfa.admin.ch/countries/kosovo/en/home.html