The World Bank’s Board of Executive Directors today approved the first operation of the Sustainable Employment Development Policy Program (SEDPP) which provides budget support for Kosovo.
This is the first budget support operation for the Government of Kosovo under World Bank procedures since its membership in the World Bank Group on June 29, 2009. The support is going directly to the budget of Kosovo to finance overall budget needs.
The World Bank program is co-financed by 10 international donors - Czech Republic, Denmark, the European Community (EC), Estonia, Finland, Italy, Norway, Sweden, Switzerland, and the United States, all of whom have agreed to provide budget support funds to Kosovo on a grant basis for 3 years.
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