{
  "title": "Republic of Kosovo: Selected Issues",
  "publication": "IMF Staff Country Reports, January 27, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/01/27/republic-of-kosovo-selected-issues-528650",
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  "summary": "This Selected Issues paper focuses on challenges and opportunities in Kosovo’s electricity sector. Energy market pressures in Europe are likely to continue throughout 2023. Higher energy prices represent a heavy blow for Kosovo’s current account.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Focus: challenges and opportunities in Kosovo’s electricity sector.\n- Context: Energy market pressures in Europe are likely to continue throughout 2023.\n- Principal risk: Higher energy prices represent a heavy blow for Kosovo’s current account.\n- Tariff framework: The tariff-setting framework is broadly sound, but the increase in European electricity prices has led to challenges."
    },
    {
      "heading": "Short-term findings and risks (2023)",
      "content": "- Higher European electricity prices have stressed the sector’s flows, creating liquidity choke points.\n- Higher European electricity prices and lower domestic electricity supply may result is significant stress for Kosovo’s energy sector and budget.\n- Policy emphasis for 2023: More efficient use of electricity should reduce demand and contribute to balance the system in 2023."
    },
    {
      "heading": "Medium-term findings and priorities",
      "content": "- Priority: Boosting energy efficiency and diversification away from lignite.\n- Investment proposal: Creating a fund for the renewal and expansion of domestic electricity generation capacity in green technologies could be explored.\n- Market signal reform: Starting to explore carbon pricing would strengthen price signals and result in more efficient demand and less carbon intensity."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Commodities, Economic sectors, Electricity, Income, International organization, Monetary policy, National accounts, Natural gas sector, Revenue administration, Tax administration core functions\n- Keywords: central banks in Kosovo, Electricity, electricity sector, Electricity supply chain, Europe, Global, Income, Natural gas sector, policy implication, Tax administration core functions, tax revenue growth\n\n---\n\n Content in this bundle\n\n- Republic of Kosovo: Selected Issues; IMF Country Report No. 23/55; December 20, 2022\n  - Republic of Kosovo: Selected Issues; IMF Country Report No. 23/55; December 20, 2022 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Kosovo: Selected Issues; IMF Country Report No. 23/55; December 20, 2022 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 27, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400231001.002",
    "Focus: challenges and opportunities in Kosovo’s electricity sector.",
    "Context: Energy market pressures in Europe are likely to continue throughout 2023.",
    "Principal risk: Higher energy prices represent a heavy blow for Kosovo’s current account.",
    "Tariff framework: The tariff-setting framework is broadly sound, but the increase in European electricity prices has led to challenges.",
    "Higher European electricity prices have stressed the sector’s flows, creating liquidity choke points.",
    "Higher European electricity prices and lower domestic electricity supply may result is significant stress for Kosovo’s energy sector and budget.",
    "Policy emphasis for 2023: More efficient use of electricity should reduce demand and contribute to balance the system in 2023.",
    "Priority: Boosting energy efficiency and diversification away from lignite.",
    "Investment proposal: Creating a fund for the renewal and expansion of domestic electricity generation capacity in green technologies could be explored.",
    "Market signal reform: Starting to explore carbon pricing would strengthen price signals and result in more efficient demand and less carbon intensity.",
    "Subject: Commodities, Economic sectors, Electricity, Income, International organization, Monetary policy, National accounts, Natural gas sector, Revenue administration, Tax administration core functions",
    "Keywords: central banks in Kosovo, Electricity, electricity sector, Electricity supply chain, Europe, Global, Income, Natural gas sector, policy implication, Tax administration core functions, tax revenue growth",
    "**Republic of Kosovo: Selected Issues; IMF Country Report No. 23/55; December 20, 2022**"
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