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  • Kosovo, Republic of x
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Cover IMF Staff Country Reports
Front Matter
International Monetary Fund. European Dept.

IMF Country Report No. 22/5

Keywords:
growth engine; policy action; IMF's transparency policy; Kosovo authorities; Kosovo's economy; Fiscal rules; COVID-19
Cover IMF Staff Country Reports
Republic of Kosovo: 2021 Article IV Consultation-Press Release and Staff Report
International Monetary Fund. European Dept.
This 2021 Article IV Consultation determines that Kosovo’s people and its economy experienced a return to a certain degree of normality in 2021. Increased vaccination rates allowed a relaxation of stringency measures, supported mobility, and created the conditions for a resumption of diaspora travel. The fiscal response to the pandemic has been broadly adequate. Moreover, fiscal policy needs to return to a supportive stance in 2022. Focus, composition, and transparency of public spending needs strengthening including supporting economic resilience. While the objective to intensify vaccinations is both appropriate and commendable, intended policy actions under the “Economic Revival Program” need to be better defined, new social transfer programs should be more targeted, and the growth of existing transfers needs to be contained. Kosovo’s intentions to reduce carbon emissions are commendable. A credible climate and environment mitigation strategy should be centered around carbon pricing, while allocating its proceeds to investment in green projects and to mitigate the impact of higher energy prices on vulnerable households.
Keywords:
fund RELATIONS; CBK balance sheet; growth engine; IMF staff calculation; Policy discussion; Fiscal rules; Budget planning and preparation; Wages; Europe
Cover IMF Staff Country Reports
Republic of Kosovo: 2021 Article IV Consultation-Press Release and Staff Report
International Monetary Fund. European Dept.

1. A decline in the number of new COVID-19 cases and increased vaccination rates have allowed a relaxation of stringency measures and supported mobility, which has returned to more normal levels:

Keywords:
IMF staff estimate; growth projection; reserve adequacy; IMF definition; vaccination ratio
Cover IMF Staff Country Reports
Republic of Kosovo: Staff Report for the 2022 Article IV Consultation—Informational Annex
International Monetary Fund. European Dept.

REPUBLIC OF KOSOVO

Keywords:
holdings of Kosovar government securities; liability positions vis-à-vis nonresident; budgetary funds; exchange arrangement; core competencies; Consumer price indexes; External sector statistics; Monetary statistics; Government finance statistics; Financial statistics
Cover IMF Staff Country Reports
IMF Executive Board Concludes 2020 Article IV Consultation with the Republic of Kosovo
International Monetary Fund. European Dept.

2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo

Keywords:
ISCR; CR; targeted cash support; Kosovar authorities; bank asset quality; Kosovo authorities; deficit rule; capital investment; General government budget; public sector administration; relief measure; COVID-19; Fiscal rules; Structural reforms; Public sector; authorities' swift
Cover IMF Staff Country Reports
Republic of Kosovo: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo
International Monetary Fund. European Dept.
Kosovo has been hit hard by the COVID-19 pandemic. Despite policy support, economic activity is estimated to have fallen 6 percent in 2020 on account of the combined effect of strict domestic containment measures and international travel restrictions. The fiscal deficit increased to 7.7 percent of GDP, given the large fall in tax revenues and the implementation of mitigation and recovery measures of 4.2 percent of GDP. The current account deficit is estimated to have increased to 7.5 percent of GDP mainly due to a large decline in diaspora-related inflows, most notably in tourism. Gross international reserves declined but remain adequate in part due to the purchase under the IMF’s Rapid Financing Instrument (RFI) in April 2020 and the use of other external financing. Banks have weathered the recession well to date, and the high pre-COVID19 liquidity levels and ample capital buffers bode well for the system’s stability.
Keywords:
ISCR; CR; targeted cash support; Kosovar authorities; bank asset quality; Kosovo authorities; deficit rule
Cover IMF Staff Country Reports
Republic of Kosovo: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo
International Monetary Fund. European Dept.

2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo

Keywords:
ISCR; CR; targeted cash support; Kosovar authorities; bank asset quality; Kosovo authorities; deficit rule; IMF staff estimate; capital investment; General government cashflow; government intervention; Kosovar government securities
Cover IMF Staff Country Reports
Republic of Kosovo: Staff Report for the 2020 Article IV Consultation—Informational Annex
International Monetary Fund. European Dept.

2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo

Keywords:
ISCR; CR; targeted cash support; Kosovar authorities; bank asset quality; Kosovo authorities; deficit rule; CBK balance sheet; holdings of Kosovar government securities; liability positions vis-à-vis nonresident; financial asset; exchange arrangement; Consumer price indexes; External sector statistics; Monetary statistics; Financial statistics
Cover IMF Staff Country Reports
Statement by Mr. Daniel Palotai, Executive Director on Republic of Kosovo February 12, 2021
International Monetary Fund. European Dept.

2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo

Keywords:
ISCR; CR; targeted cash support; Kosovar authorities; bank asset quality; Kosovo authorities; deficit rule; budget expenditure; growth estimate; authorities' projection; COVID-19; Nonperforming loans; Budget planning and preparation