IFC Helps Kosovo Improve Business Environment,
Pristina, Kosovo, May 15, 2013 —
IFC, a member of the World Bank Group, has agreed to work with Kosovo to
ease the administrative burden and improve the country’s business environment
to attract foreign and domestic investors.
“Improving the business environment
by simplifying administrative procedures and providing better services
to investors will help reduce the cost and risk of doing business in Kosovo,”
said Jesper Kjaer, IFC Senior Manager. “Our ultimate goal is to support
sustainable economic development and job creation in Kosovo.“
Kusari Lila, Kosovo’s Deputy Prime
Minister for Economic Development, said: “IFC will help the government
of Kosovo reduce the administrative burden for businesses and support reforms
that will boost investment. We want to increase transparency between businesses
and government and stimulate investor interest in Kosovo.”
IFC’s Investment Climate Project in
Kosovo will support the establishment of a public e-registry of licenses
and permits for businesses and help the government develop an investment
reform map to identify priority areas for reforms.
Kosovo became an IFC member and shareholder
in 2009. Today, IFC’s portfolio in Kosovo is $15.7 million, with investments
in manufacturing and finance. IFC’s advisory services in Kosovo aim to
improve the investment climate, boost small company performance and increase
private sector participation in infrastructure projects.
IFC, a member of the World Bank Group,
is the largest global development institution focused exclusively on the
private sector. We help developing countries achieve sustainable growth
by financing investment, mobilizing capital in international financial
markets, and providing advisory services to businesses and governments.
In FY12, our investments reached an all-time high of more than $20 billion,
leveraging the power of the private sector to create jobs, spark innovation,
and tackle the world’s most pressing development challenges. For more
information, visit www.ifc.org.
For information about the Government
of Kosovo, visit www.rks-gov.net