Fehmi Mehmeti: Central Bank of the Republic of Kosovo is ready to provide further support in overcoming the situation created from the pandemic, with as less consequences as possible

Speech by Mr Fehmi Mehmeti, Governor of the Central Bank of the Republic of Kosovo, at a press conference, Pristina, 4 March 2021.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Dear media representatives,

It was a pleasure to welcome today, in separate meetings, representatives of businesses, commercial banks and leaders of Kosovo Credit Guarantee Fund, with whom the Central Bank of the Republic of Kosovo has established a very effective partnership in support of the country's economy during this difficult period.

The CBK, together with representatives of businesses and commercial banks operating in the country, has managed to identify in due time the needs of businesses and citizens to cope more easily with the difficulties arising due to the pandemic crisis, and based on these needs, we responded in time to alleviate the burden of borrowers in paying loan instalments, thus reducing the economic consequences of this crisis in our country.

Nonetheless, the difficulties caused by this crisis are still present in our economy, and depending on the developments related to possible restrictive measures, businesses may continue to face similar difficulties in the coming period.