The Government of Kosovo allocated over seven million euros on Wednesday for loan guarantees within the framework of measure 2.2 of the Economic Recovery Package.

The Minister of Finance, Labor and Transfers, Hekuran Murati, said at the Government meeting that these financial means are intended to provide businesses and the country’s economy with easier access to finance, without the need to provide mortgages as guarantees.

“As part of the continuous support we have for the private sector and for the sustainable development of the country’s economy, we as a government have supported the Credit Guarantee Fund by continuously increasing its capital, i.e. to cover or finance the various windows within this Fund. In order to continue the growth of credit expansion and for businesses and the country’s economy to have easier access to finance, without the need to provide mortgages as collateral, we will continue with the next transfer, which is worth 7 million and 368 thousand euros within the framework of measure 2.2, in order to recapitalize the Kosovo Credit Guarantee Fund and thus enable the continuation of lending to businesses”, said Murati.

At the Government meeting, the Prime Minister Albin Kurti, stated that the Sovereign Fund is vital for economic growth and increased investment. While speaking about the opposition’s warnings that the Constitutional Court will reject the Law on the Sovereign Fund, he said that “the blocking of positive and progressive reforms must be stopped.”