IMF Staff Country Reports

Republic of Kosovo: 2024 Article IV Consultation and Third Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility-Press Release; and Staff Report

December 23, 2024

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Format: Chicago

International Monetary Fund. European Dept. "Republic of Kosovo: 2024 Article IV Consultation and Third Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility-Press Release; and Staff Report", IMF Staff Country Reports 2024, 364 (2024), accessed December 23, 2024, https://doi.org/10.5089/9798400297250.002

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Summary

The SBA has served as insurance against adverse shocks while guiding reforms to strengthen fiscal and financial governance and foster growth. The RSF has supported climate reforms to increase generation of renewable energy, boost energy efficiency, enhance regional cooperation, and strengthen crisis preparedness and transition risk monitoring. With strong domestic consumption, growth has accelerated in 2024, while inflation has declined. The fiscal outturn has been positive. However, strong demand for imports and lower remittances have contributed to a deterioration of the external balance. Key risks include higher commodity prices, weaker activity in Europe, and tensions in northern Kosovo. Parliamentary elections will take place in February 2025.

Subject: Budget planning and preparation, Credit, Expenditure, External debt, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Inflation, Money, Prices, Public debt, Public financial management (PFM), Revenue administration

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Budget planning and preparation, Commercial banks, Credit, Financial sector stability, Inflation

Publication Details

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