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Republic of Kosovo: Selected Issues Paper

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  • International Monetary Fund

Abstract

This Selected Issues paper on the Republic of Kosovo’s 2013 Article IV Consultation highlights growth and Kosovo’s external environment. In the wake of the global financial crisis, Kosovo’s economic growth slowed but remained positive, while most other Western Balkans slipped into recession. Moreover, the annual average growth rate has been among the highest in the Western Balkans since the onset of the financial crisis in 2007. Kosovo’s tax-to-GDP ratio is comparable to the average of Southeastern Europe, although its tax system relies significantly more on indirect taxation—including a high share of trade taxes. Kosovo’s reliance on trade taxes may create budgetary pressures in the event of further trade liberalization.

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  • International Monetary Fund, 2013. "Republic of Kosovo: Selected Issues Paper," IMF Staff Country Reports 2013/223, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/223
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    References listed on IDEAS

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    1. Augusto de la Torre & Erik Feyen & Alain Ize, 2013. "Financial Development: Structure and Dynamics," The World Bank Economic Review, World Bank, vol. 27(3), pages 514-541.
    2. Oecd, 2012. "Kosovo Assessment Report 2012," SIGMA Country Assessment Reports 2012/4, OECD Publishing.
    3. Mr. Adolfo Barajas & Thorsten Beck & Ms. Era Dabla-Norris & Mr. Seyed Reza Yousefi, 2013. "Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe," IMF Working Papers 2013/081, International Monetary Fund.
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