IMF Staff Country Reports

Republic of Kosovo: 2013 Article IV Consultation

Publication Date:

July 23, 2013

Electronic Access:

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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.

Series:

Country Report No. 2013/222

Subject:

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