Republic of Kosovo: 2011 Article IV Consultation and the Initiation of a Staff-Monitored Program: Staff Report; Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2011/210, IMF Staff Country Reports from International Monetary Fund

Abstract: Kosovo is still in the process of building key social and economic institutions. Economic performance over the past decade has been robust, but growth has been tilted toward domestic demand, fuelled by transfers and non-debt creating capital inflows. The adoption of the euro provides a strong monetary anchor, but it increases the demands on macroeconomic management. Further progress in Kosovo’s banking system is impeded by limited legal capacity and incompletely defined property rights. The short-term macroeconomic outlook is benign, even though there are significant downside risks.

Keywords: ISCR; CR; GDP; government; growth model; liability positions vis-à-vis nonresident; core inflation; financial system; prudent wage policy; cash buffer; Commercial banks; Capital spending; Wages; Global; Europe; Western Europe (search for similar items in EconPapers)
Pages: 75
Date: 2011-08-01
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=25090 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2011/210

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().