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

International Monetary Fund

No 2015/131, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Kosovo; authority; Kosovar authorities; policy strategy; Kosovo authorities; liability positions vis-à-vis nonresident; competitiveness gap; Public sector wages; Fiscal rules; Income; Wages; Europe (search for similar items in EconPapers)
Pages: 66
Date: 2015-05-21
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