6 minutes agoRukiqi for the Sovereign Fund: This will be the biggest failure of any government
Periskopi(3 years ago)
(3 years ago)The former head of the Kosovo Economic Ode, Berat Rukiqi, considers the formation of the Sovereign Fund to be a failed project and additional burden for the Government of Kosovo. Rukiqi told him that she does not see the Sovereign Fund as a solution to the local economy, and she did not have to form. Rukiqi more and [...]
Rukiqi told him that she does not see the Sovereign Fund as a solution to the local economy, and she did not have to form.
Rukiqi sees more as fulfilling the electoral promise of this government than the major project.
According to him, the sovereign Fund is for developed countries, which have trade conditions rather than for Kosovo.
This has promoted it as the biggest economic project. We'll be witnesses, we'll talk in years. This will be the biggest failure of any government. Because it is not the solution of Kosovo's economy to sovereign funds, the concentration of state in companies that need capital but not through their concentration in such funds, add to it that such funds or public presence in such a large instrument, adds the space for abuse, but also is not the sovereign fund model for Kosovo”.
The Sovereign Fund is for countries which have commercial proficiency, they have reservations. Kosovo is a record for the trade deficit, and cannot produce such a stable sovereign fund”, Rukiqi said.
Speaking of forming the sovereign Fund, Rukiqi views it as an additional burden to the state. He takes the situation at the Kosovo Energy Corporation as an example. He says institutions are burdening themselves with something that should be a company problem.
And it's because of that concentration and because of the many problems of public enterprises that are obvious, seen every day. See what's going on with KEK. Then they flock to one location and become additional burdens to the State. Even debts and management, so the state is burdening itself with something that would have to be a problem with certain companies and sectors, always with a clear plan to get private capital into these companies and then increase their efficiency”
“This case will have problems, not only with their performance but also with additional problems because they will become a burden to governance, and some of the energy will receive management of this Fund. This will be a huge failure of this rule”, Rukiqi says of EO.
