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 February 16, 2025, 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, External debt, Income, National accounts, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, CBK governance, EBRD's operation, EIB's involvement, Europe, Global, Governance reform, Income, Kosovo authorities, Middle East, RSF implementation, Western Europe

Publication Details