The World Bank praised Kosovo for the past 10 years, Government: High Value

During the day, LDK deputy Avdullah Hoti has used this report to say that the VV's “discuser, who in Kosovo has only poverty, is emerging to be fraud”.

The government led by the Vetevendosje Movement on the side of a communique praises the World Bank report.

They have cited several World Bank reports pointing to Kosovo's economic development.

Below is full communique of the Government of Kosovo

In a communiqué issued earlier this week, the World Bank Group Executive Board of Directors has said they support Kosovo in accelerating its competitiveness for job creation and higher standard of living”, the communiqué reported.

According to the World Bank, within the last 10 years Kosovo has noted sustainable economic progress, with a nearly 50% increase in per capita income and a 35% drop in poverty rates, performing better than countries with similar per capita income.

World Bank Director for the Western Balkans Xiaoqing Yu has indicated that Kosovo can benefit from reorienting economy towards production and export, boosting quality employment for all and ensuring sustainable development that protects the environment and future generations.

In the past year, Kosovo had scored the highest value of exports ever, about 920m euros. Meanwhile, this year the value of exports is expected to exceed 1 billion euros for the first time. As a result, the export-import report has marked visible improvement. From 1 to 9 as it was in 2019, at less than 1 to 6 as it is currently.

The same institution, last month, has published the regular economic report for the Western Balkans, in which it predicts Kosovo will have the highest economic growth in the Western Balkans in the next three years; 2023, 2024 and 2025.