DFC CCO Jake Levine Travels to Kosovo

Media Release

 

PRISTINA, Kosovo – On travel to Kosovo, U.S. International Development Finance Corporation (DFC) Chief Climate Officer (CCO) Jake Levine met with government and business leaders to drive opportunities for private sector engagement in energy diversification as well as critical infrastructure.

CCO Levine met with Kosovo’s President Vjosa Osmani-Sadriu and Prime Minister Albin Kurti to discuss DFC’s projects in the country and regional energy security. During the meeting, CCO Levine discussed DFC’s commitment to catalyze private sector investment to support regional energy resource development and energy security.

In a meeting with Kosovo’s Minister of Economy Artane Rizvanolli and industry leaders, CCO Levine discussed the country’s energy market and investment opportunities. He emphasized the important role of entrepreneurs in energy security.

While in Pristina, CCO Levine also met with local, non-governmental guaranty fund and DFC client Kosovo Credit Guarantee Fund. Last year, DFC committed $7.5 million to the Kosovo Credit Guarantee Fund to encourage local commercial banks to lend to renewable energy providers and energy efficiency projects in the country. For example, with DFC’s support local commercial bank ProCredit has already provided significant financing to companies improving energy efficiency and small-scale solar projects in Kosovo and plans to provide additional loans later this year. Other banks are also increasing their lending under the project.

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U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.