Republic of Kosovo: First Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility and Request for Modification of Reform Measure-Press Release; Staff Report; and Statement by the Executive Director f

First Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility and Request for Modification of Reform Measure-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo

Author: International Monetary Fund. European Dept.

Republic of Kosovo: First Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility and Request for Modification of Reform Measure-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo

Volume/Issue: Volume 2023 Issue 372

Publication date: November 2023

ISBN: 9798400260261

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Labor , Money and Monetary Policy , Public Finance , International - Economics , Public Policy- Environmental Policy , Demography , RSF reform measure , budget spending , revenue performance , private sector consumption , RSF arrangement , budget revenue , management framework , Budget planning and preparation , Pensions , Pension spending , Aging , Global

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Summary

Context, Outlook, and Risks. GDP growth is expected to average 4 percent per annum over 2023–24 on lower international commodity prices, vigorous diaspora flows, and sound macroeconomic policies. Average inflation is projected to decline to about 5 percent in 2023 and 3½ percent in 2024. Risks to growth are balanced on the short-term, but on the downside in the medium-term, given the complex geopolitical scenario.