“Landing of financial stability”, opposition criticism of the lack of leadership in key financial institutions

Kosovo's three vital financial institutions have been without leadership at one time.

The Pension Savings Fund known as Trust, Central Bank and Tax Administration are the key institutions currently being managed in the absence of the Steering Board, the governor and the general director.

The Trust has been out of board since March 1st. Also late this month has expired the mandate of the governor of the Central Bank of Kosovo, while the State Tax Administration is managed with task officers from last year.

This situation in institutions, the opposition has seen it as rocking financial stability in the country.

The Democratic League of Kosovo deputy (LDK), Hykmete Bajrami, in a response to the Dukagjini Portal has called <x1 possible unforgiving “the lack of leadership in these institutions, as according to her at this time, when there is more transparency in financial markets around the world, there is a lack of effective decision making in Kosovo.

When institutions are without leaders they are not functional, because they simply perform any work or duty but cannot make decisions. It's unforgivable by this government since there's turbulence in the financial markets around the world we have the Unboarded Pension Savings Fund, without decision-making”, Bajrami said.

In addition to key institutions, Bajrami has stressed that there are other institutions that are without leadership like the “Thessari of the state, the Financial Intelligence Unit, the State Assistant Commission, the State Prosecutor, and some ministries are more responsible for the communist secretaries”.

For all of this, the LDK MP blames the government, which says that by means of this situation it has shown its “incapability”.

This represents the inability of this government, it never happened to have so many vacian and dysfunctional functions at the same time. We have truly lost much in the sense of institutions and citizens of the country”, Bajrami has said.

Even the deputy of the Democratic Party of Kosovo (PDK), Ferat Shala simultaneously a member of the Commission for Business, and Financa has called this tendency of the government to dominate the country's financial permits.

Shala has said it is tremendous damage for central financial institutions to be without merit decision-making, professional and field experts to undergo a transparent selection process.

The “Trill the central institutions of Kosovo financial institutions have remained without leadership, with taskeering, having many violations in the process even during the appointment of taskeers due to neglect and delays of this government's widespread majority, with the particular emphasis of the finance ministry. It is extremely damaging that central financial institutions are without merit decision-making, professional and field experts to undergo a transparent selection process. It is the government's inability and tendency to dominate the country's” financial leverage, Shala has said of Dukagjin.

According to him, the government has had it in hand and has already taken legal and transparent steps for their selection.

The government has long been able to take the legal steps for their choice, transparent with the help of consultants of the British consulting company who have been available and given their maximum, but that the government deliberately seems to be, until it stabilises all its political leverage in these institutions has decided that some of them will be legalised by the task”.

Meanwhile, MP from the Alliance for the Future of Kosovo (AAK), Pal Lekaj, has said that Kosovo with Kurti governance has a theoretical and practical lack of strategies, plans and the concept of developing the country.

Public institutions have never been less powerful than in Kurti Government. Institutions such as Trust, Central Bank and ATK are the basis of the state of Kosovo, and every moment this year without leading organs means that the state has a theoretical and practical lack of the country's strategies, plans and concept of development. We have indeed lost much in the sense of institutions and citizens of the country”, Lekaj said.

This deadlock in key institutions, Lekaj has called “power plan”.

“The operating rate for months of public institutions is certainly a plan for people of power, where they plan to bring people with party directives into these positions, to capture and control them as a whole. This thinker is wrong because the same system has been shared by public companies and ministries, where they fired boards and leadership positions, not lost in time to load their own people, and who have ultimately failed to function, management and development in both public enterprises and the Minister”, he has followed.

“There is no impasse”

Thus has been responded to the Dukajini Portal, the deputy of the Vetevendosje Movement (LVV), Visar Korenica simultaneously a member of the Commission for Business and Finance over the opposition's criticism of the effective malfunction of these financial institutions.

He has said there are processes that need to be done properly and that there are practices from the past that the inert should follow.

According to him, in all these cases there will be epilogues as changing access to how these recruiting processes are done takes time.

There is no impasse. There are processes that need to be done properly. And there are practices from the past that the inert wants to follow. So changing the approach of how these recruiting processes take time”, Corenica said.

While economy connoisseur Naim Huruglica has said this is an abnormal situation and presents serious difficulties for these institutions, as it ensures instability in task planning and development.

The leadership of these institutions by task leadership does not provide stability, but also serious work in planning tasks and development of these institutions”, Huruglica has said.

According to him, the government must quickly elect leaders in these institutions, as strategic and operational decisions are part of management responsibility and cannot be carried out by other levels.

It's lucky that these are highly consolidated institutions are achieving their functions, but this situation doesn't take a long time, as many of the strategic decisions but also operational decisions are part of the responsibility that management and cannot be exercised by other level”, he has continued.

Among other things, he has said that in the past it has been talked about that appointment in high positions with such managers relates to the political affiliation of those applying.

The “also in the past has been alleged that the appointment to high management positions is linked to the political affiliation of those applying. With the goal of increasing transparency in selecting the most successful candidates, in recent years we have seen the commitment of a British consulting company. I believe that even in these cases, the process will be monitored by international experts”.

Otherwise, on Friday, April 7th, the Commission for Business and Finance has asked Parliament Speaker Glauk Konjufca for the selection process of Central Bank governor candidates to start from the beginning.

While on Tuesday, April 18th, the Kosovo Central Bank (BQK) has announced that the Trust Board's competition for members has been re-declared.

The candidate selection commission for members of the Kosovo Pension Savings Fund “reports the competition for 5 professional members, 1 member representative of employees and 1 member representative of employers”, the CEC announced.

This is after the Commission selects candidates for members of the Trust Board, consisting of the CEC interim Governor, Bashkim Norboko, Finance Minister Hekuran Murati and general audience Vlora Spanca, on 7 April this year has estimated that in the latest competition announced for these positions, there were shortcomings in the search of information needed to ensure an assessment and verification of the candidates within a reasonable period of time.

To that end, the Commission unanimously decided that this competition would reshale.

Similarly, ATK has been led by task guides since February of last year, while when the competition for this post by the VV is expected to be announced, there will be epilogues in all of these cases.