Republic of Kosovo: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Kosovo
IMF Staff Country Reports, February 4, 2018
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- Republic of Kosovo: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Kosovo
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Bibliographic details
- Published: February 4, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484340431.002
Macroeconomic and fiscal findings
- Fiscal deficit has been kept well below the 2 percent of GDP fiscal rule ceiling.
- Government bank balances are now above the minimum level of 4.5 percent of GDP.
- Public debt remains low.
- Medium-term growth is now projected at about 4 percent.
- The fiscal deficit is expected to remain within the fiscal rule while accelerating investment financed by international financial institutions.
- Banks remain healthy and credit growth has increased.
Structural challenges and policy implications
- Important structural challenges remain despite recent progress.
- More and better growth is needed to accelerate income convergence with the European Union and reduce inequality.
- Policy focus implied by the report:
- Preserve fiscal discipline to stay within the 2 percent of GDP fiscal rule ceiling.
- Maintain government bank balances at or above the 4.5 percent of GDP minimum.
- Support accelerated investment, including projects financed by international financial institutions, while observing fiscal rules.
- Strengthen conditions for sustained credit growth and continued banking sector health.
- Address structural constraints to raise medium-term growth beyond the projected about 4 percent to promote income convergence and reduce inequality.
Key statistics and publication metadata
- Pages: 62
- Volume: 2018
- Issue: 030
- Series: Country Report No. 2018/030
- DOI: https://doi.org/10.5089/9781484340431.002
- ISBN: 9781484340431
- ISSN: 1934-7685
- Subjects: Capital spending; Expenditure; Fiscal policy; Fiscal rules; Income; Labor; National accounts; Public debt; Wages
International Monetary Fund. Republic of Kosovo: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Kosovo (February 4, 2018).
Content in this bundle
- Country Report