The Central Bank of the Republic of Kosovo reviewed its financial sector reform program with World Bank Vice President for Europe and Central Asia Antonella Bassani during the 2026 IMF and World Bank annual meetings. Governor Ahmet Ismaili reported progress on the World Bank-supported Financial Sector Development Project, focusing on financial stability, payment system modernization, consumer protection and financial inclusion. The central bank is advancing the TIPS Clone instant payment system with the Bank of Italy and plans to develop additional innovative payment services gradually over the next year. Preparations to apply to the Single Euro Payments Area include implementing the Law on Payment Services, adopting related secondary legislation, progressing regulatory changes under amended anti-money laundering and counterterrorist financing legislation, and clarifying application procedures. The parties also discussed World Bank technical assistance for stronger market conduct supervision and a financial education strategy focused on financial health.
Central Bank of the Republic of Kosovo reports progress on TIPS Clone and SEPA application preparations in World Bank talks
The Central Bank of the Republic of Kosovo reported progress to the World Bank on TIPS Clone and preparations to apply to the Single Euro Payments Area. Work includes payment services rules, related anti-money laundering reforms and additional payment services planned for the next year. Cooperation also covers market conduct supervision, consumer protection and financial education.