The Central Bank of the Republic of Kosovo welcomed the Assembly of the Republic of Kosovo’s approval of the credit agreement between Kosovo’s Ministry of Finance and the International Development Association for the Kosovo Financial Sector Development Project, positioning it as a key step to advance financial sector reforms and strengthen the country’s financial infrastructure. The project is envisaged to support the capitalisation of the Deposit Insurance Fund to further strengthen the financial safety net, including in the context of reforms to increase the guaranteed coverage limit for depositors. It also enables funding for fast “instant payments” through implementation of a TIPS Clone platform to modernise the national payments system, improve transaction efficiency and align more closely with European payment standards, alongside support for increasing the capital of the guarantee fund and other financing and guarantee initiatives aimed at improving access to finance and lending conditions.
Central Bank of the Republic of Kosovo 2026-04-10
Central Bank of the Republic of Kosovo welcomes ratification of World Bank financing for deposit insurance strengthening and TIPS Clone instant payments
The Central Bank of the Republic of Kosovo welcomed parliamentary approval of a credit agreement between the Ministry of Finance and the International Development Association for the Kosovo Financial Sector Development Project, calling it a key step to advance reforms and strengthen financial infrastructure. The project will support recapitalisation of the Deposit Insurance Fund amid higher depositor coverage, fund implementation of a TIPS Clone platform for instant payments to modernise the national payments system and align with European standards, and increase the capital of the guarantee fund and other initiatives to improve access to finance and lending conditions.