The diaspora vote count is continuing, VV achieves the 53rd term, PDK remains at 22, LDK falls to 18
3 hours agoInvestors and Loans Uncertainty Cause of Mismanagement
Periskopi(7 years ago)
(7 years ago)Nearly one million euros of taxpayers have been spent by the Government of Kosovo as punishment for failing to withdraw credit funds from international financial institutions, which are destined for various capital projects. Since 2011, Kosovo has entered foreign loans worth 519.7m euros. But because of mismanagement, so far they are [...]
Since 2011, Kosovo has entered foreign loans worth 519.7m euros. But due to mismanagement, only 33m euros have so far been withdrawn, Koha Ditore writes today.
Failure to attract funds is the result of poor planning and lack of government capacities to effectively and efficiently exploit borrowing. Poor feasibility studies of projects, shortcomings in creating the necessary preconditions for eliminating infrastructure and legal barriers in implementing these projects, have caused some of them to re-enhanced and some loans to contract in value.
In addition to the impasses in the realisation of money-for-money projects, Kosovo has also been mired in attracting foreign investors. 20 years after the war, Kosovo has no strategic investor. All the investment that has been made is mainly from the diaspora. These investments, approaching one billion euros per year, have largely ended in purchasing real estate and consumption.
One of the reasons for the lack of foreign investment, according to economic experts, is uncertainty. In a poll that the World Bank of Kosovo had conducted years ago, about 50 percent of potential investors had declared that they did not come to invest in Kosovo because of the political situation.
The bad image created before the world has left Kosovo out of the investment map. The presence of internationals in Kosovo even makes Kosovo still known as the hotbed of the crisis.
