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11.07.2008 - Donor conference meets on Kosovo

International donors meeting in Brussels are expected to pledge more than $2.4bn (1.5bn euros, Ј1.2bn) to help rebuild Kosovo.

The Czech Republic news are represented by www.karlovy-vary-czech-republic.com


Kosovo declared its independence from Serbia in February after nine years as a UN protectorate.
The US has pledged some $400m while the EU is expected to provide the rest.
The money will be go into improving infrastructure and energy and boosting jobs in a country where unemployment stands at 40%.
"Kosovo is a profoundly European matter," EU Kosovo donor conference hopes to raise 1.5 billion euros ...
CzechRep to again send a reserve company to Kosovo ...
Weak Turnout in Serbian Election May Benefit Anti-Western Bloc ...
Enlargement Commissioner Olli Rehn said in a statement ahead of the conference.
"The EU is ready to use all instruments to help Kosovo realise its European perspective."
A substantial portion of the total sum is expected to meet Kosovo's share of the Yugoslav debt it inherited from Serbia on declaring independence.
World bank bid
Over the last 10 years, some $5bn has been pumped into Kosovo and there are expectations that it may take another decade to transform it into a viable state, says the BBC's Oana Lungescu in Brussels.
Kosovo's Finance Minister Ahmet Shala said it was working hard to combat corruption.
"We, as a new state, we will ensure you that any penny, any cent will be handled properly... Kosovo is moving in the right direction to fight corruption as well as to improve its capacities for financial management," he said.
More than 40 countries now recognise Kosovo - but Serbia, backed by Russia, seeks to keep it out of international bodies that could offer more funding.
Prime Minister Hashim Thaci said on Friday that Kosovo had applied for membership of the the World Bank and the International Monetary Fund.
If its bid is successful it would both boost Kosovo's recognition as an independent state and provide a source of much-needed funds and development loans.

(BBC)


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