prishtina 29. 09. 2020 disclosure of textbooks and signing of the memorandum of understanding with mes dear minister likaj, dear mrs. hoxha, dear media, distinguished guests, the central bank of the republic of kosovo is committed to working to promote and maintain financial stability in the country. the financial sector is one of the main contributors to kosovo's economy. the advancement of financial markets, globalization and technological progress, have influenced consumers to face a variety of complex financial instruments which are offered in the financial market today. the central bank of the republic of kosovo through its financial education program aims to increase financial knowledge to the public and contribute to the expansion and distribution of information on economic and financial issues, including cooperation with relevant institutions, in order to have a more widespread distribution of knowledge. financial education is a field for which the central bank of the republic of kosovo works and is committed to advancing it for many years now. cbk considers that by advancing and investing in the field of financial education, it directly contributes that the citizens of kosovo have knowledge in making the right decisions with their financial means. the more informed and financially educated the citizens are, the more capable they will be in increasing their economic and financial well - being as well as in the proper use and utilization of the financial system. the objective of the financial education program of cbk is that educational materials and activities target all age groups and citizens of kosovo, however, the primary focus has students of all levels of education in kosovo. creating adequate financial management skills is compared to creating essential life skills. consequently, the institutionalization of financial education in schools is a very important step and the cbk has been trying for many years to realize it. we believe that only in this way will we be able to ensure stability, continuity and success in installing a genuine financial culture. the central bank of the republic of kosovo, in cooperation with the ministry of education and science, financially supported by the fund for southeast europe, efse ( finance in motion office in kosovo ), has managed to prepare a collection of 5 books. the purpose of preparing the book collection is to contribute in informing and educating primary school students with basic financial concepts which they will follow throughout their lives and will influence in the building of a financial culture from an early age. the books have been prepared by relevant experts in the field, researchers, sociologists, lyricists and illustrators, in accordance with the core curriculum for kosovo primary education. the book collection consists

fehmi mehmeti : bank lending is continuing to contribute to economic growth speech by mr fehmi mehmeti, governor of the central bank of the republic of kosovo, at a press conference, 25 november 2021. * * * dear..., it is a special pleasure to be part of this ceremony that marks another step of the very important contribution that kfw has continuously given to the development of the kosovo credit guarantee fund and in general to the economic development of kosovo. the kosovo credit guarantee fund within a relatively short period of time has managed to become a very important institution for increasing and facilitating financing for the country ’ s economy. the important role of this institution has emerged especially during the period of pandemic crisis, in which case this institution has served as a very effective mechanism of transmission and multiplication of state aid for the private sector of the country. the grant that is being donated by kfw will enable the further increase of the guarantee potential of this institution, making possible the increase of the number of beneficiaries from the guarantees issued by this institution. in other words, a larger number of individuals or businesses with difficulty accessing credit financing will be able to secure access to this source of financing on favorable terms. bank lending continues to be a very important and sustainable source of private sector financing in kosovo. the value of bank loans by september 2021 has reached 3. 57 billion euros, marking a significant annual increase of 12. 2 %. however, despite the satisfactory trend of increasing bank lending, it is considered that the level of financial intermediation in kosovo continues to be below the average of the countries in the region, which shows that, in relation to the size of the economy, there is further room for expansion of the lending activity. an important role in filling this space has exactly the kosovo credit guarantee fund, which through its guarantee mechanism can enable the increase of lending and the facilitation of the conditions of access to credit for the sectors which without this service may find it difficult or even impossible to provide access to credit financing. in this context, we expect that in addition to supporting the growth of credit financing in general, the kcgf portfolio, more and more to reflect the increase of credit support for sectors with greater difficulties in accessing credit financing, but which have the potential to make a significant contribution to the economic development of the country. in the end, allow me to once again express my highest appreciation to kfw, which has consistently