DFC invests in the Peace Highway

Following the historic economic normalization agreement signed by Serbia and Kosovo on September 4, 2020, in Washington, D.C., U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler and Export-Import Bank Chairman Kimberly Reed signed Letters of Interest (LOI) with Serbia and Kosovo to help finance the construction of The Peace Highway. This project would connect Nis and Pristina and has long been a key piece of normalization talks between Serbia and Kosovo.

“The Peace Highway will drive economic development and regional integration by connecting Nis and Pristina. It will also serve as a powerful symbol of the new, transformative relationship between these neighboring countries,” said DFC CEO Adam Boehler. “DFC, in partnership with EXIM, is committed to advancing this peace process by investing in projects that create jobs and bring sustained economic benefit to both countries.”

DFC and EXIM plan to send delegations to Belgrade and Pristina later this month to advance work on The Peace Highway and other projects. DFC will also lay the groundwork for opening its first office in the region. A permanent DFC presence in Belgrade will facilitate the implementation of priority projects like the Peace Highway that will support job creation and economic growth in the region.

Original source: DFC