Republic of Kosovo: Staff Report for the 2015 Article IV Consultation

May 21, 2015

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Republic of Kosovo: Staff Report for the 2015 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Summary

This 2015 Article IV Consultation highlights that growth in Kosovo has proven relatively resilient and stronger than in its western Balkan neighbors, averaging slightly more than 3 percent over the last five years. Steady remittances from the diaspora living in advanced European economies continue to be a key driver of growth, supporting as they have private consumption and investment. Medium-term growth prospects of some 3.5 percent per year, while reasonable, are not strong enough to steadily lift incomes towards regional standards, or to create enough jobs in a country with very high unemployment. Kosovo’s banks remain liquid, well capitalized, and profitable. Nonperforming loans ratios are slightly elevated at 8.4 percent, but are stable and fully provisioned.

Subject: Banking, Fiscal policy, Fiscal rules, Income, Labor, National accounts, Public debt, Public sector wages, Wages

Keywords: Authority, Competitiveness gap, CR, Europe, Fiscal rules, Income, ISCR, Kosovar authorities, Kosovo, Kosovo authorities, Liability positions vis-à-vis nonresident, Policy strategy, Public sector wages, Wages

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/131
Stock No:

1UVKEA2015001
ISBN:

9781513507880
ISSN:

1934-7685

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