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Funding for Serbia Kosovo Peace Highway

Infra News - Published on Fri, 18 Sep 2020

Image Source: Serbia Kosovo Peace Highway
Following the historic economic normalization agreement signed by Serbia and Kosovo on September 4, 2020 in Washington DC. International Development Finance Corporation and Export-Import Bank signed Letters of Interest with Serbia and Kosovo to help finance construction of The Peace Highway. This project would connect Nis and Pristina and has long been a key piece of normalization talks between Serbia and Kosovo.

DFC and EXIM plan to send delegations to Belgrade and Pristina later this month to advance work on The Peace Highway and other projects. DFC will also lay the groundwork for opening its first office in the region. A permanent DFC presence in Belgrade will facilitate implementation of priority projects like the Peace Highway that will support job creation and economic growth in the region.

The LOIs signed today are non-binding and will be followed by standard due diligence conducted by both agencies before financing is formally committed.

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Posted By : Yogender Pancholi on Fri, 18 Sep 2020
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