Front Matter

Front Matter

Robert Corker, Dawn Rehm, and Kristina Kostial
Published Date:
February 2001
    • ShareShare
    Show Summary Details

    ©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

    Address orders to:

    International Monetary Fund, Publication Services

    700 19th Street, N.W., Washington, DC 20431, U.S.A.

    Telephone: (202) 623-7430

    Telefax: (202) 623-7201




    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.


    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


    Banking and Payments Authority of Kosovo


    EU Customs Assistance Mission in Kosovo


    Central Fiscal Authority of Kosovo


    European Bank for Reconstruction and Development


    European Union


    Food and Agriculture Organization of the UN


    Federal Republic of Yugoslavia


    Gross domestic project


    Joint Interim Adminstrative Structure


    Kosovo Consolidated Budget


    Kosovo Electricity Company


    North Atlantic Treaty Organization


    UN Security Council Resolution 1244


    United Nations


    UN Mission in Kosovo


    Value-added tax

      You are not logged in and do not have access to this content. Please login or, to subscribe to IMF eLibrary, please click here

      Other Resources Citing This Publication