3 bis - central bankers'speeches financing with more favourable conditions. on the other hand, insurance - covered agricultural products, despite efforts in this sector, remain at low levels, where the sum insured is totally non - significant. however, in terms of legal infrastructure and technical capacities, progress has been made, which serves as a good basis for the future. we encourage lending institutions to increase lending to the agricultural sector with more affordable conditions and insurance companies to increase voluntary products and coverage, especially in the agricultural sector, while we recommend to the ministry of agriculture, forestry and rural development, when drafting such policies, to enable agricultural insurance to be prerequisites for farmers when obtaining grants and subsidies, in order to ensure the sustainability of investments, yields and sector as a whole. thus, regarding agricultural insurance, the cbk, based on its scope and as an implementing partner in this project, has contributed to the licensing, regulation and supervision of the activities and products of insurance companies, which have expressed interest in expanding their activity to cover the risks associated with the agricultural sector. insurers initially built their capacities through staff training on product development, insuring, measuring risks through actuaries and providing these products to clients dealing with the agricultural sector. this project should also be of particular importance due to the fact that it would enable customers in the agricultural sector to have more favourable conditions through financing from banks and lending institutions, increased competition, sustainability and development independence without becoming a burden of state aid to cover losses associated with climate events such as frosts, hail, drought or excessive climate rainfall. therefore, although the legal and regulatory basis as well as the initial capacities have been built, despite the engagement, the field results still leave much to be desired, and require serious review, so the opportunities should be seen to advance these schemes with more innovative and comprehensive forms, as a prerequisite for further growth of this sector and contributing to the real economy. on this occasion, i want to thank the international finance corporation for the ongoing support given to public institutions, businesses and financial institutions operating in kosovo as well as the ministry of agriculture, forestry and rural development for the contribution to this project and the willingness to further advance this sector of vital importance to the country's economy. we are witnesses that the climate risks and the environment have become a problem of this century where governments, regulators, businesses and individuals are taking the necessary actions in response to this critical issue. therefore, the cbk has addressed this issue through

services. at the same time, a developed payment system ensures the protection of the integrity of the financial system and the euro currency, the reduction of negative effects from the phenomenon of money counterfeiting, consumer protection and the advancement of market practices, reduction of the effects of money laundering activities and terrorism financing, increased access to financial services and financial inclusion. in line with the stabilization - association agreement and the berlin process, the reform process and the advancement of the payment system through the development of local instant payments and the integration of the payment system at the regional level will also accelerate access to the single euro payment area of the european union known as sepa. this is tasked with effectively bringing domestic and cross - border payments within the eu to the same level of cost, time efficiency and security as well as access to the eu's instant payment system known as tips which is part of of the eurosystem since 2018. this enables payment service providers to offer funds transfers to their customers in real time and around the clock, every day of the year, where individuals and businesses can transfer money between each other within seconds, regardless of their local bank's business hours. even the latest regulation for cash operations marks a very big advance in terms of alignment with the requirements and standards for membership in sepa, as well as tips. therefore, the cbk has started taking actions within the strategic plan 2024 - 2028 for the activities that are planned and related to the field of the payment system, which are as follows : advancing the legal and technical infrastructure of the cbk for membership in the sepa payments scheme and access to the eu instant payments system ( tips ) ; developing the technical infrastructure for enabling instant payments 24 / 7, creating the national qr code and the standardization of the api for the interconnection of systems ; reducing cash payments and promoting electronic payments ; while for two of the following activities we already have developments, such as : creating opportunities for access to the payment system of non - bank service providers, as well as enabling the possession of iban, to increase access to finance, within the " payment account " concept, where we have approved the regulation, 2 / 4 bis - central bankers'speeches also today, we are carrying out the foreseen activity : empowering the national payments council as an advisory body for joint actions regarding the digitization and standardization of payment systems and instruments ; the advancement of the payment system presents significant challenges both from the perspective of the cbk and