Republic of Kosovo: Selected Issues
IMF Staff Country Reports, February 5, 2018
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- Republic of Kosovo: Selected Issues
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Bibliographic details
- Published: February 5, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484340509.002
Public infrastructure context and challenges
- Kosovo has "very low initial stocks" of public infrastructure, largely due to "the sharp depletion of capital stock during the conflicts in the 1990s."
- These low initial stocks imply that "higher investment rates are needed."
- Kosovo "faces significant public infrastructure gaps, which constrain private sector development."
Opportunities and external financing
- "The resources available from international development partners, including the European Union (EU), the European Investment Bank and the European Bank for Reconstruction and Development, are a unique opportunity to leverage and accelerate the implementation of priority projects."
- The "priority project list has helped the authorities to prioritize plans and facilitate the discussions and negotiations with donors and International Financial Institutions (IFI)."
Investment framework and implementation
- "Strengthening Kosovo’s investment framework is key to achieving" leveraging external resources and accelerating project implementation.
- Despite policy measures, "implementation so far has been modest."
- The fiscal framework includes "the new investment clause of the fiscal rule exempting IFI-financed projects from the deficit ceiling," but this exemption has not yet produced strong implementation outcomes.
Macroeconomic implications
- "Scaling-up public investment will raise gross domestic product growth potential and accelerate income convergence toward the EU average level."
Subject themes and keywords (as listed)
- Subjects: Bank credit, Credit, Expenditure, Infrastructure, Money, National accounts, Poverty, Public investment and public-private partnerships (PPP)
- Keywords include: amount, Bank credit, Central and Eastern Europe, CR, Credit, credit growth, EU accession process, Europe, IFI financing, Infrastructure, ISCR, Kosovo, lending, Public investment and public-private partnerships (PPP), scheme outcome, Western Balkans peer, Western Europe
Publication and metadata (exact values preserved)
- Pages: 59
- Volume: 2018
- Issue: 031
- Series: Country Report No. 2018/031
- DOI: https://doi.org/10.5089/9781484340509.002
- Stock No: 1UVKEA2018002
- ISBN: 9781484340509
- ISSN: 1934-7685
- Publication date on landing page: February 5, 2018
International Monetary Fund. European Dept. "Republic of Kosovo: Selected Issues", IMF Staff Country Reports 2018, 031 (2018), accessed 9/9/2026, https://doi.org/10.5089/9781484340509.002
Content in this bundle
- Country Report