Two US federal government banks have pledged to help finance construction of the Kosovo-Serbia highway, only days after the leaders of the two countries signed separate deals in the Oval Office to normalize economic relations.
On Tuesday, the US International Development Finance Corporation (DFC) and Export-Import Bank signed Letters of Interest (LOI) with Serbia and Kosovo to help finance construction of “The Peace Highway”, agreed on September 4 in the White House.
The project will connect the city of Nis in Serbia with Kosovo’s capital Pristina.
The US, Kosovo and Serbia governments were nominated for the Nobel Peace Prize, following pledges signed in the Oval Office.
“DFC, in partnership with EXIM, is committed to advancing this peace process by investing in projects that create jobs and bring sustained economic benefit to both countries,” the press statement said.
The two banks plan to send delegations to Belgrade and Pristina later this month to advance work on the project.
DFC will also lay the groundwork for opening its first office in the region, in Belgrade.