The Central Bank of the Republic of Kosovo announced that its Governor, Ahmet Ismaili, signed a cooperation agreement with Banque de France under which the French central bank will provide reserve management services. The agreement follows preparatory discussions between the two institutions during the 2024 International Monetary Fund and World Bank Annual Meetings in Washington, D.C., and the completion of preliminary procedures, and is positioned as part of the Central Bank of Kosovo’s strategic objective to diversify investments. During meetings in Paris, the Central Bank of Kosovo also briefed Banque de France on recent financial sector developments and its priority projects, including strengthening financial stability, reforming banking supervision, modernising payment infrastructure, consumer protection, and addressing environmental and climate-related risks, alongside progress on its SEPA pre-application process and work on a fast payments system in cooperation with the Bank of Italy. Both institutions also agreed to explore deeper cooperation in additional areas of mutual interest, including financial stability, financial supervision and institutional capacity building through experience-sharing programmes and participation in international networks.
Central Bank of the Republic of Kosovo 2025-05-14
Central Bank of the Republic of Kosovo signs reserve management cooperation agreement with Banque de France
The Central Bank of the Republic of Kosovo signed a cooperation agreement with Banque de France for reserve management services after discussions at the 2024 IMF and World Bank Annual Meetings. This aligns with Kosovo's goal to diversify investments and includes plans for deeper cooperation in financial stability, supervision, and capacity building. The Central Bank also updated Banque de France on its financial sector priorities, including banking supervision reform and payment infrastructure modernization.