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Kosovo loses out on an IMF loan worth 16 million euros

Kosovo loses out on an IMF loan worth 16 million euros
Kosovo will lose out on a 16 million euro loan from the International Monetary Fund, because an agreement that has been signed with the Fund expires on 4 August, outgoing government officials in Kosovo say.

Due to the failure to form the new institutions, authorities in Pristina are not able to negotiate with the IMF for a new program. Kosovo had struck a financial deal with the IMF in 2015 with a value of 185 million euros, but this agreement expires on 4 August of this year.

Agim Krasniqi, deputy minister of Finance of the outgoing government says that this agreement will not be able to go on without the formation of the new government.

“There are around 16 million euros which cannot be borrowed. The IMF mission had to come here in June, but it didn’t, due to the elections. Without a fourth review of the agreement, this loan cannot be taken”, Krasniqi said. /balkaneu.com/

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