to make the right decisions on the basis of sufficient knowledge. this knowledge can only be gained through adequate financial education, which is consequently transformed into financial behaviours. this would be the optimum reality that all of us present today aspire, but have we managed to accomplish it? the central bank is developing the financial education in the function of three main dimensions : - in the function of financial stability, - in the function of consumer protection, and - in the function of financial inclusion. these three dimensions actually cover the whole process of financial activity, from the first confrontation with the financial product / service to the realization of the right / obligation in this report. financial education in the function of financial stability is built on the premise of mutual trust. financial education is the core of trust building. without trust there can be no financial stability. if we look from the social welfare point of view, it is very important whether the citizens are able to properly manage their finances. but on the other hand, the benefits of financial knowledge extend beyond the balance sheets and income at the individual or the household level to the promotion of a stable financial system and efficient resource allocation within the real economy. financial education in the function of consumer protection is an active process in which information communication is only the beginning, while the ultimate goal is a positive long - term financial behaviour. customers'decisions on the use of products and services are made on the basis of complete and reliable information as well as on their understanding of this information, therefore the presentation of this information by financial institutions is critical. moreover, such an approach leads to a fair competition of all stakeholders in the financial sector. the cbk is committed to contributing to economic growth in the country and to work towards raising quality across the financial sector and above all to contribute to consumer protection. as a result, with the support of the european fund for southeast europe " efse ", we will implement the project " improving the transparency of the banking market through building a platform for comparing interest rates for banks ". this platform will enable citizens to make decisions based on complete and clear information, presented on a unified platform for all banks. this platform will also help increase a sound competition in the banking sector. another important project is the collection of books for financial education designed for the lower cycle of primary schools, which in cooperation with the ministry of education will be distributed throughout all kosovo schools. kosovo students will have the opportunity to get familiarized with the economic - financial educational concepts that are important to

ahmet ismaili : signing of the re - guarantee agreement with the swedish international development cooperation agency greeting speech by mr ahmet ismaili, governor of the central bank of the republic of kosovo, at the confernece " signing of the re - guarantee agreement with the swedish international development cooperation agency ", organised by the kosovo credit guarantee fund and sida, pristina, 7 december 2023. * * * dear mr. azemi, chairman of the kcgf board dear mr. westerlund, ambassador of sweden to kosovo dear ms. hajdari, minister of miet dear mr. berisha, managing director at the kcg dear participants, i am pleased to participate in this special event of signing the renewal agreement of the guarantee facility between the kosovo credit guarantee fund and the swedish international development cooperation agency ( sida ) that has at its centre the opportunities that pave the way for providing the most favourable conditions for reguaranteed loans from kcgf windows, such as the women in business window, export support window and grow window for green investment that enhance energy efficiency and generate energy from renewable resources. commercial banks and other lending institutions such as institutions regulated and supervised by the central bank of the republic of kosovo play an important role in providing lending to different sectors of the country's economy and, at the same time, affecting economic development through consumption, investment and net exports. the kosovo credit guarantee fund, as an independent and developmental legal entity, through guaranteeing the credit portfolio of financial institutions, has historically contributed to increasing access to finance for smes, supporting entrepreneurship, supporting domestic production and services, which create added value, create new jobs and support overall economic development. the continued growth of the kcgf capital, combined with re - guarantee schemes, including today's re - guarantee agreement between the kcgf and the swedish international development cooperation agency, affects the expansion of finance access, increase of competition, reduction of financing gap with competitive conditions, maintenance of the level of non - performing loans and financial stability that are also in accordance with the cbk strategy and mandate. the cbk is committed to supporting any legal and regulatory initiative by the kcgf in the function of expanding membership of ( lending ) microfinance institutions, reviewing 1 / 2 bis - central bankers'speeches deadlines to become part of the kcgf for new banking institutions as well as the possibility for special guarantee schemes of the kcgf for banks to be able to finance microfinance