Prohibited credit sectors and purposes

A credit may not be used to finance any activities that are prohibited by any legislative or regulatory provisions in effect in Kosovo, or by any international agreements to which Kosovo is a party. Specifically excluded activities are the following:

  • Forced labor1 or child labor2 .
  • Activities or materials deemed illegal under the laws or regulations of the host country or international conventions and agreements, or those subject to international phase-outs or bans, such as:
  • Ozone depleting substances, PCB's (Polychlorinated Biphenyls) and other specific, hazardous pharmaceuticals, pesticides/herbicides or chemicals;
  • Wildlife or products regulated under the Convention on International Trade in Endangered Species or Wild Fauna and Flora (CITES); or
  • Unsustainable fishing methods (e.g., blast fishing and drift net fishing in the marine environment using nets in excess of 2.5 km in length).
  • Cross-border trade in waste and waste products, unless compliant with the Basel Convention and the underlying regulations.
  • Destruction of High Conservation Value areas3 .
  • Radioactive materials4 and unbound asbestos fibers.
  • Pornography and/or prostitution. 10. Racist and/or anti-democratic media.
  • In case any of the following products constitute an essential part of the primary business activities of the project5 :
  • Alcoholic beverages (except beer and wine);
  • Tobacco;
  • Weapons and munitions; or
  • Gambling, casinos and equivalent enterprises.



1Forced labor means all work or service, not performed voluntarily, obtained by an individual under threat of force or penalty as defined by ILO conventions.

2Persons may only be employed if they are at least 14 years old, as defined in the ILO Fundamental Human Rights Conventions (Minimum Age Convention C138, Art. 2), unless local legislation explicitly specifies compulsory school attendance or the minimum working age. In those cases, the upper limit applies.

3Destruction means the (1) elimination or severe diminution of the integrity of an area caused by a major, long-term change in land or water use or (2) modification of a habitat in such a way that the area’s ability to maintain its role is lost. High Conservation Value (HCV) areas are defined as natural habitats where these values are considered to be of outstanding significance or critical importance (see

4This does not apply to the purchase of medical equipment, quality control (measurement) equipment or any other equipment where the radioactive source is understood to be trivial and/or adequately shielded.

5For companies, “substantial” means more than 10% of their consolidated balance sheets or earnings. For financial institutions and investment funds, “substantial” means more than 10% of their underlying portfolio volumes.