Republic of Kosovo: 2013 Article IV Consultation

July 23, 2013

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Republic of Kosovo: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 8, 2024

Summary

This staff report on the Republic of Kosovo’s 2013 Article IV Consultation focuses on economic and financial developments. Kosovo’s economy is excessively dependent on inflows from the diaspora. It is found that while these inflows support incomes, they finance primarily consumption and investments in nontradables, such as real estate or services, and contribute little to the build-up of productive capacity. Goods exports are less than 10 percent of GDP and concentrated in sectors with a low-value added component, notably metals. A coherent strategy is needed to improve competitiveness, foster the development of a tradable sector, and lay the basis for self-sustained growth.

Subject: Balance of payments, Banking, Commercial banks, Consumer price indexes, External debt, Income, National accounts, Public debt, Remittances, Revenue administration

Keywords: Agreement, Banking authority, CR, Global, Government, Government bank balance, Governments of Kosovo, Income, ISCR, Kosovar authorities, Liability positions vis-à-vis nonresident, Remittances

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/222
Stock No:

1UVKEA2013003
ISBN:

9781484377987
ISSN:

1934-7685

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