The U.S. International Development Finance Corporation (DFC) announced that the Investment Incentive Agreement has entered into force.
“DFC’s new Investment Incentive Agreement has entered into force, enabling DFC to deploy its full range of financial products in Kosovo,” reads a tweet of DFC.
On December 31, the outgoing Prime Minister of Kosovo Avdullah Hoti and the US Ambassador to Kosovo Philip Kosnett signed agreement enabling the DFC to deploy its full range of financial products in Kosovo.
U.S. law requires any country, including Kosovo, to enter into an IIA with the United States in order for DFC to provide its entire range of financial products which includes debt financing, equity investments, political risk insurance, and grants for technical assistance, the embassy clarifies.
Kosovo’s Government empathized that Kosovo is the first country in the Western Balkans to sign this IIA agreement with the DFC.
Launched in 2020, DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. It invests across sectors including energy, healthcare, critical infrastructure, and technology.