Bajra shows what the Sovereign Fund will look like

Bajra shows what the Sovereign Fund will look like

The designer and member of the Sovereign Fund, Emmanuel Bajra, has said that this fund will be independent of the government, and that it would be completely autonomous from politics. Bajra, stressing the importance of this fund, said the Sovereign Fund would be the sponsor of the Government and the state of Kosovo. “Funding will [...]

Bajra, stressing the importance of this fund, said the Sovereign Fund would be the sponsor of the Government and the state of Kosovo.

“Fond will be the entity independent of the Government, totally autonomous. It'll only answer the Parliament. A well-managed, well structured fund will be totally independent of politics. This fund has two boards; board supervisory and managing board. This fund will create new economic assets, make money in the name of Kosovo, and when the need is presented that Government has strategic plans and effective investment plans in the economy, the fund will still be that government and Kosovo state banker and funder on behalf of the country's economic interests”, Bajra has said.

In the question that this fund will help investments in the Kosovo Army and the Health Insurance Fund, he has said the main goal fund has been strengthening state corporations that have had problems in the past 20 years.

With the strengthening of these corporations and the increased profitability of these corporations, then we continue with the second phase, the creation of several new companies that will promote Kosovo abroad. The inside depends entirely on government economic policies. Funds are government financial supporters. If the Kosovo government has different plans, such as plans. , If you want deep health reform or increased military capacities etc., however, that the Fund will respond to that need, because it is a strategic investment for Kosovo to invest in health, education, entrepreneurial development, military development, etc.,”, has added Bajra to Radio Dukagjinin.

Bajra has said that without the founding of the fund as an official institution, the Sovereign Fund of the Republic of Kosovo cannot give promises in any kind of financial entity, even though there is interest, including the World Bank, the International Monetary Fund.

“has more superficial interest. International financial institutions have been informed of the concept and the law, of the law format, of the design of the law we have, but currently, because we still don't have the law passed in parliament, it's very difficult to make any promises in any other financial entity. There are concerns from the World Bank, the IMF and many other institutions that “know more”. There's an interest in private financial entities in London, New York and around the world, there's interest in the Middle East, but we're still in the pre-pass phase of the law, so we can't talk any further. After passing the law, with the establishment of the fund just as the official Sovereign Fund of the Republic of Kosovo”, Bajra stressed.

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