Republic of Kosovo: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Kosovo

February 4, 2018

Preview Citation

Format: Chicago

Republic of Kosovo: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Kosovo, (USA: International Monetary Fund, 2018) accessed December 22, 2024

Summary

This 2017 Article IV Consultation highlights that Kosovo has made significant progress since the 2015 Article IV consultation in ensuring fiscal discipline and strengthening the financial sector. The fiscal deficit has been kept well below the 2 percent of GDP fiscal rule ceiling, government bank balances are now above the minimum level of 4.5 percent of GDP, and public debt remains low. Banks remain healthy and credit growth has increased. Notwithstanding, important structural challenges remain. Although medium-term growth is now projected at about 4 percent, more and better growth is needed to accelerate income convergence with the European Union and reduce inequality. The fiscal deficit is expected to remain within the fiscal rule while accelerating the investment financed by international financial institutions.

Subject: Capital spending, Expenditure, Fiscal policy, Fiscal rules, Income, Labor, National accounts, Public debt, Wages

Keywords: Authority, Capital spending, CR, Credit growth, Europe, Fiscal rules, Governance practice, Government bank balances, IMF's article, Income, Insolvency regime, ISCR, Kosovar authorities, Policy strategy, Staff, Wages

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/030
Stock No:

1UVKEA2018001
ISBN:

9781484340431
ISSN:

1934-7685

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