Kosovo: Gearing Policies Toward Growth and Development
International Monetary Fund, 2005 - Business & Economics - 92 pages
This report builds on two previous similar reports from 2001 and 2002-Kosovo: Macroeconomic Issues and Fiscal Sustainability (2001) and Kosovo: Institutions and Policies for Reconstruction and Growth (2002). It is based on work performed during four IMF staff visits spanning a 15-month period from January 2003 to March 2004. The analysis and recommendations of this book contribute to informing the debate about economic policies, in particular, and about the broader issues that will shape Kosovo's future.
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II Recent Economic Trends ShortTerm Vulnerabilities and MediumTerm Challenges
III Fiscal Strategy and Tax and Expenditures Systems
IV Monetary Developments and the Financial Sector
V Structural Reforms
Statistical Appendix Tables
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20 percent Ad valorem assets authorities;and Fund staff Authority of Kosovo average balance of payments Banking and Payments banking system budget budgetary capital cash consumption contribution cost Current account balance customs duties decline domestic absorption domestic savings donor sector economy employment enterprises excise exemptions expatriates expenditures exports fiscal foreign assistance Fund staff estimates GNDI GNFS growth rate households IMF staff estimates impact income increase International Monetary Fund KFOR Kosovar Kosovo authorities;and Fund liquidity risk loans macroeconomic medium-term Memorandum items millions of euros Number ofGDP Payments Authority pension percent of GDP PISG POEs population presumptive tax private inflows private sector Proj ratio reflects remittances restructuring risk scenario SFRY share social SOEs Source spending staff team Statistical Appendix Table strategy tax revenues tion total factor productivity transfers TREPCA unless otherwise indicated UNMIK wage bill wage in euros/month Wexp workers Yugoslavia