Front Matter

Front Matter

Davina Jacobs, and Johannes Herderschee
Dimitri Demekas
Published Date:
April 2002
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    © 2002 International Monetary Fund

    Production: IMF Graphics Section Cover design and figures: Sanaa Elaroussi Typesetting: Alicia Etchebarne-Bourdin

    Cataloging-in-Publication Data

    Demekas, Dimitri G.

    • Kosovo: institutions and policies for reconstruction and growth/Dimitri G. Demekas, Johannes Herderschee, Davina F. Jacobs.—Washington, DC: International Monetary Fund, 2002.

      • p.; cm.

      • Includes bibliographical references.

      • ISBN 9781589060982

      • 1. Kosovo (Serbia)—Economic conditions. 2. Kosovo (Serbia)—Economic policy. 3. Finance, Public—Kosovo (Serbia). 4. Fiscal policy—Kosovo (Serbia). 5. Kosovo (Serbia)—Politics and government. I. Herderschee, Johannes. II. Jacobs, Davina F. III. International Monetary Fund.

    • HC407.Z7 D34 2002

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    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, 2000-01 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    / between years (for example, 2000/01) 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.


    The authors are grateful for helpful comments and suggestions from a large number of IMF and World Bank colleagues, in particular Adrienne Cheasty, Robert Corker, Carlo Cottarelli, Shigeo Kashiwagi, Marina Wes, and Emmanuel Zervoudakis. The authors are also grateful to Gail Berre of the External Relations Department who edited the paper for publication and coordinated production. This report is primarily based on the work of an IMF team that visited Kosovo in September 2001, consisting of Dimitri G. Demekas, Johannes Herderschee, and Davina Jacobs, and assisted by the World Bank representative in Pristina, Giuseppe Zampaglione. The IMF team held a wide range of meetings, including with Mr. Hans Haekkerup, the Special Representative of the UN Secretary-General at that time; senior officials of UNMIK; representatives of commercial banks, insurance companies, private enterprises, and the major donors; and the leaders of the major political parties and ethnic communities in Kosovo. The authors would like to thank without implicating these individuals for their time and cooperation.

    The views expressed in this study are those of the authors and do not necessarily reflect those of the IMF or its Executive Directors.



    Banking and Payments Authority of Kosovo


    Central Fiscal Authority


    Kosovo Electricity Company


    Kosovo Force


    Kosovo Trust Agency


    Organization for Security and Cooperation in Europe


    Provisional institutions of self-government


    Posts and Telecommunications of Kosovo


    UN Security Council Resolution


    United Nations Interim Administration Mission

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