Front Matter

Front Matter

Author(s):
Robert Corker, Dawn Rehm, and Kristina Kostial
Published Date:
February 2001
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    ©2001 International Monetary Fund

    Production: IMF Graphics Section

    Cover design and figures: Sanaa Elaroussi

    Typesetting: Julio R. Prego

    Cataloging-in-Publication Data

    Corker, Robert.

    Kosovo: macroeconomic issues and fiscal sustainability/Robert Corker, Dawn Rehm, Kristina Kostial—Washington, D.C.: International Monetary Fund, 2001.

    p. cm.

    ISBN 9781589060180

    1. Kosovo (Serbia)—Economic conditions. 2. Kosovo (Serbia)— Economic conditions—Statistics. 3. Fiscal policy—Yugoslavia—Kosovo (Serbia). 4. Taxation—Yugoslavia—Kosovo (Serbia). 5. Budget— Yugoslavia—Kosovo (Serbia). 6. Gross domestic product—Yugoslavia -Kosovo (Serbia). 7. Macroeconomics. I. Rehm, Dawn Elizabeth, 1953–II. Kostial, Kristina. III. International Monetary Fund.

    HC407.Z7K66 2001

    Price: $18.00

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    Contents

    The following symbols have been used throughout this paper:

    … to indicate that data are not available;

    — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    – between years or months (for example, 1998–99 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    / between years (for example, 1998/99) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.

    Preface

    Kosovo is a province of Serbia in the Federal Republic of Yugoslavia that is under temporary UN administration (UN Security Council Resolution 1244). Since the end of the conflict in June 1999, IMF staff have been providing technical assistance to Kosovo to help the province rebuild its economy. The assistance has been channeled toward setting up taxation and budgetary institutions (led by the IMF’s Fiscal Affairs Department), a payments and banking system (the IMF’s Monetary and Exchange Affairs Department), and, more recently, a statistical framework (the IMF’s Statistics Department). The staff have also provided general macroeconomic policy advice, especially in the realm of budget formulation, which is the main focus of this publication. All the staff’s work has been carefully coordinated with the World Bank and donor agencies.

    The authors would like to thank for their detailed and insightful comments Michael C. Deppler, Emil M. Sunley, Steve A. Symansky, Alma Kanani, Åke Lönnberg, Rachel N. van Elkan, and other colleagues in the IMF and the World Bank. The authors are also grateful for the editing by James McEuen of the External Relations Department; research assistance by Beata Kudela; and the processing of the text, tables, and other material by Evelyn E. Stephens.

    The views expressed are the sole responsibility of the authors and do not necessarily reflect those of the IMF staff, Executive Directors, the UN Mission in Kosovo, or the authorities of IMF member countries.

    Acronyms and Abbreviations

    BPK

    Banking and Payments Authority of Kosovo

    CAM-K

    EU Customs Assistance Mission in Kosovo

    CFA

    Central Fiscal Authority of Kosovo

    EBRD

    European Bank for Reconstruction and Development

    EU

    European Union

    FAO

    Food and Agriculture Organization of the UN

    FRY

    Federal Republic of Yugoslavia

    GDP

    Gross domestic project

    JIAS

    Joint Interim Adminstrative Structure

    KCB

    Kosovo Consolidated Budget

    KEK

    Kosovo Electricity Company

    NATO

    North Atlantic Treaty Organization

    SCI244

    UN Security Council Resolution 1244

    UN

    United Nations

    UNMIK

    UN Mission in Kosovo

    VAT

    Value-added tax

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