CBK hosts IMF Technical Assistance Mission to advance Supervisory and Macroprudential frameworks

The Deputy Governor of the Central Bank of the Republic of Kosovo (CBK) for Financial Supervision, Mr. Milot Cakaj, together with the CBK team, hosted a Technical Assistance (TA) Mission from the International Monetary Fund (IMF), chaired by Mr. Sebastien Clanet from the IMF’s Monetary and Capital Markets Department (MCM) and his team.

This mission marks an important step in strengthening CBK’s Supervisory and Macroprudential Frameworks in line with international best practices. It follows the successful implementation by the CBK of the recommendations from the first IMF Financial Sector Stability Review (FSSR).

Deputy Governor Cakaj, briefed the IMF team on recent developments in Kosovo’s financial sector and outlined the reforms undertaken by the CBK to further advance the Supervisory Framework and Methodology, Reporting Framework, and macroprudential measures. He emphasized the importance of this TA engagement for enhancing supervisory processes, addressing systemic vulnerabilities, and strengthening CBK’s internal capacities in line with its Strategic Plan.

Mr. Clanet presented the objectives of this FSSR TA mission, which focus on advancing CBK’s risk-based Supervisory Framework and supporting macroprudential reforms targeting systemic vulnerabilities.

Deputy Governor Cakaj expressed his gratitude to the IMF for its continuous support, underlining the critical role of technical assistance and capacity building in the successful implementation of these strategic projects which will significantly contribute to the resilience of Kosovo’s financial sector.

Both CBK and the IMF reaffirmed their commitment to close cooperation and their shared goal of ensuring the successful implementation of this important IMF Technical Assistance.