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Guarantee to the Kosovo Credit Guarantee Fund
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Funding Information  (Euro)
Total Actual Commitment:
1.024.448,03 Euro
Total Planned Commitment:
1.024.448,03 Euro
Total Actual Disbursements:
971.091,36 Euro
Total Planned Disbursements:
1.024.448,03 Euro
Additional info
Activity Created By:
Mirnije Stublla
Created in workspace:
Sweden - Team
Computation:
No
Activity Created On:
31/01/2019
Activity updated on:
31/05/2019
 
Identification
Project Title: 
Guarantee to the Kosovo Credit Guarantee Fund
AMP ID: 
1120103719590

Status:  Ongoing
Status Reason: 
Objectives: 

The intervention from Sweden is a re-guarantee which would serve to avoid a situation where the build-up of KCGF’s operations is held back by a limited capital base, as KCGF would be able to off-load risk on Sweden (pari passu and pro rata). The Re-guarantee facility amount is proposed to be 10 MEUR or a maximum ampount of 120 MSEK.


Description: 

The intervention from Sweden is a re-guarantee which would serve to avoid a situation where the build-up of KCGF’s operations is held back by a limited capital base, as KCGF would be able to off-load risk on Sweden (pari passu and pro rata). The Re-guarantee facility amount is proposed to be 10 MEUR or a maximum ampount of 120 MSEK.

Sweden covers 50 % of KCGF:s eventual losses. KCGF covers 50 % of the banks eventual losses. Hence, the leverage of Sweden´s guarantee has the relation 1:4. The risk sharing Pari Passu means that Sweden linearly covers 50 % of the sustained losses. The same risk sharing holds between the banks and KCGF.

The Swedish re-guarantee should serve to encourage the Central Bank of Kosovo to generally view its risk weighting of KCGF products more favourably, and potentially the banks could be encouraged to allocate more lending under the guarantee program.
- Overall Sweden's support via a re-guarantee is perceived very positively by KCGF and the Central Bank of Kosovo, as it is likely that it will (directly and indirectly) enable KCGF to generate a greater volume of guarantees and therefore revenues, which are needed to cover the costs of the facility and improving its sustainability.


Related Projects: 

Results: 

The intervention from Sweden is a re-guarantee which would serve to avoid a situation where the build-up of KCGF’s operations is held back by a limited capital base, as KCGF would be able to off-load risk on Sweden (pari passu and pro rata). The Re-guarantee facility amount is proposed to be 10 MEUR or a maximum ampount of 120 MSEK.



Budget
Activity is Off Budget


Funding Organizations and Internal Project IDs: 
Planning

Actual Start Date:  24/11/2017
Original Completion Date:  31/12/2024
Actual Completion Date:  31/12/2024
Location
[Kosovo] 100%

Implementation Level: National

Implementation Location: Country

Sectors
OECD/DAC Sector
DAC-CRS Sector Scheme - 321 - INDUSTRY - 3219 - Industry (Sub-sector) - 32130 - Small and medium-sized enterprises (SME) development (100.0)%

Sector Working Group
Sector Working Group - ECONOMY TRADE AND INDUSTRY - Private sector development, privatization, and regional economic development (100.0)%

Cross-Cutting Theme
Cross Cutting Theme - NON-CROSS CUTTING ALLOCATION (100.0)%

Funding
Organization Name : Sweden
Organization Role : donor
Aid Type : Grant
Financial Instrument : Project (PRO)
Planned Commitments
Planned
24/11/2017
544.238,01   Euro
Planned
01/01/2018
480.210,01   Euro
Subtotal Planned Commitments: 1.024.448,03 Euro    
Actual Commitments
Actual
24/11/2017
544.238,01   Euro
Actual
24/01/2018
480.210,01   Euro
Subtotal Actual Commitments: 1.024.448,03 Euro    
PLANNED DISBURSEMENT
Planned
24/11/2017
544.238,01   Euro
Planned
24/01/2018
480.210,01   Euro
Subtotal Planned Disbursement: 1.024.448,03 Euro    
ACTUAL DISBURSEMENT:
Actual
30/11/2017
544.238,01   Euro
Actual
24/02/2018
426.853,34   Euro
SUBTOTAL ACTUAL DISBURSEMENT: 971.091,36 Euro    


 
Total Planned Commitments: 1.024.448,03 Euro  
Total Actual Commitments: 1.024.448,03 Euro  
Total Planned Disbursements: 1.024.448,03 Euro  
Total Actual Disbursements: 971.091,36 Euro  
Delivery rate: 95%
Related Documents
Related Organizations
Implementing Agency
  • SIDA

Beneficiary Agency
  • N/A Beneficiary Organization

Secondary Beneficiary Organization
  • Kosovo Credit Guarantee Fund

Contact Information
Donor funding Contact Information: