IMF Staff Country Reports

Republic of Kosovo: Second Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility and Request for Modification of Reform Measure-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo

June 4, 2024

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Format: Chicago

International Monetary Fund. European Dept. "Republic of Kosovo: Second Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility and Request for Modification of Reform Measure-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo", IMF Staff Country Reports 2024, 147 (2024), accessed December 21, 2024, https://doi.org/10.5089/9798400277702.002

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Summary

This Selected Issues paper presents Republic of Kosovo’s Second Reviews under the Stand-By Arrangement (SBA) and the Arrangement under the Resilience and Sustainability Facility (RSF) and Request for Modification of Reform Measure. Kosovo’s economic activity continues to expand at a robust pace, despite a challenging external environment, and inflation has declined markedly. The Kosovo authorities continue to advance their economic program and structural reform and climate agenda, supported by the SBA and the Arrangement under the RSF. Program performance under both arrangements remains strong. The authorities are advancing an ambitious green agenda. The RSF has supported efforts to strengthen the regulatory framework and increase policy space to attract private investment into green energy. The successful completion of a pilot competitive auction for solar electricity generation and a first auction for wind electricity generation are important steps in the authorities’ plan to expand renewable energy capacity. Reducing emissions and improving air quality, increasing energy efficiency, improving targeting of energy subsidies, and enhancing energy security are important goals of Kosovo’s green agenda.

Subject: Budget planning and preparation, Expenditure, External debt, Fiscal risks, International organization, Monetary policy, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, Budget revenue, CBK balance sheet, Europe, Fiscal risks, Global, Government liquidity buffer, Kosovo authorities, RSF ARRANGEMENT

Publication Details

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