June 10 (SeeNews) - The OPEC Fund for International Development said it is providing a $40 million (37.7 million euro) loan to Kosovo for the implementation of the country's programme for public finances and economic growth.
The programme is aimed at improving fiscal transparency, promoting private sector development and enabling environmental reforms in the energy and waste management sectors, the OPEC Fund said in a press release on Thursday.
The scheme was developed together with the World Bank, which is providing a further 50.6 million euro for its implementation.
"The new program will support the post-COVID-19 recovery, strengthen private sector development and promote the transition to a green economy in full alignment with Kosovo’s long-term development targets," OPEC Fund director general Abdulhamid Alkhalifa said in the press release.
($ = 0.9421 euro)