Republic of Kosovo: Selected Issues

February 5, 2018

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Format: Chicago

Republic of Kosovo: Selected Issues, (USA: International Monetary Fund, 2018) accessed November 20, 2024

Summary

This Selected Issues paper on Kosovo discusses various challenges and opportunities in the public infrastructure domain. Given the very low initial stocks, largely due to the sharp depletion of capital stock during the conflicts in the 1990s, higher investment rates are needed. The resources available from international development partners, including the European Union (EU), the European Investment Bank and the European Bank for Reconstruction and Development, are a unique opportunity to leverage and accelerate the implementation of priority projects. Strengthening Kosovo’s investment framework is key to achieving this objective. Kosovo faces significant public infrastructure gaps, which constrain private sector development. Scaling-up public investment will raise gross domestic product growth potential and accelerate income convergence toward the EU average level. The priority project list has helped the authorities to prioritize plans and facilitate the discussions and negotiations with donors and International Financial Institutions (IFI). However, implementation so far has been modest, despite the new investment clause of the fiscal rule exempting IFI-financed projects from the deficit ceiling.

Subject: Bank credit, Credit, Expenditure, Infrastructure, Money, National accounts, Poverty, Public investment and public-private partnerships (PPP)

Keywords: Amount, Bank credit, Central and Eastern Europe, CR, Credit, Credit growth, EU accession process, Europe, IFI financing, Infrastructure, ISCR, Kosovo, Lending, Public investment and public-private partnerships (PPP), Scheme outcome, Western Balkans peer, Western Europe

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/031
Stock No:

1UVKEA2018002
ISBN:

9781484340509
ISSN:

1934-7685

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