Republic of Kosovo Staff Report for the 2015 Article IV Consultation

This 2015 Article IV Consultation highlights that growth in Kosovo has proven relatively resilient and stronger than in its western Balkan neighbors, averaging slightly more than 3 percent over the last five years. Steady remittances from the diaspora living in advanced European economies continue t...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Kosovo, Republic of 
653 |a Income economics 
653 |a Micro Finance Institutions 
653 |a Deflation 
653 |a Mortgages 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Depository Institutions 
653 |a Finance 
653 |a Debts, Public 
653 |a Banks and banking 
653 |a Public Finance 
653 |a Macroeconomics 
653 |a Public debt 
653 |a Statistics 
653 |a Inflation 
653 |a Fiscal rules 
653 |a Price indexes 
653 |a Labor 
653 |a Public sector wages 
653 |a Finance: General 
653 |a Labour 
653 |a Income 
653 |a Debt Management 
653 |a Banks 
653 |a Debt 
653 |a Fiscal Policy 
653 |a Sovereign Debt 
653 |a Aggregate Factor Income Distribution 
653 |a National accounts 
653 |a Wages 
653 |a Banking 
653 |a Econometrics & economic statistics 
653 |a Price Level 
653 |a Public finance & taxation 
653 |a Fiscal policy 
653 |a Banks and Banking 
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520 |a This 2015 Article IV Consultation highlights that growth in Kosovo has proven relatively resilient and stronger than in its western Balkan neighbors, averaging slightly more than 3 percent over the last five years. Steady remittances from the diaspora living in advanced European economies continue to be a key driver of growth, supporting as they have private consumption and investment. Medium-term growth prospects of some 3.5 percent per year, while reasonable, are not strong enough to steadily lift incomes towards regional standards, or to create enough jobs in a country with very high unemployment. Kosovo's banks remain liquid, well capitalized, and profitable. Nonperforming loans ratios are slightly elevated at 8.4 percent, but are stable and fully provisioned