Brexit & EconomyPoliticsKosovo plants seeds of economic recovery

Kosovo plants seeds of economic recovery

Kosovo’s government accounting and audit teams are hoping to head off further financial confusion in its public services with the help of a 2m euros grant from the EU

The money comes from the European Agency for Reconstruction in a bid to
eradicate financial management problems that have plagued budgeting and book
keeping in Kosovo’s public sector.

Ken Schwartz, resident adviser to the Kosovan Ministry of Finance for USAID,
said the money would help with the preparation of future budgets and the
implementation of a Public Financial Management Accountability law. ‘This
project has been the lifeblood of Kosovo’s medium-term expenditure framework,’
he said.

Over the past 18 months, more than 750 bureaucrats have been trained.
Programme manager Nadia Costantini told Accountancy Age: ‘We are
teaching them skills more sophisticated than just reading a balance sheet.’

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