Governor Ismaili participates in high-level conference on central banking and resilience

The Governor of the Central Bank of the Republic of Kosovo, Mr. Ahmet Ismaili, participated as a panelist at the international conference “Central Banking Amid Persistent Global Shifts: Fostering Stability, Innovation, and Resilience”, organized by the National Bank of the Republic of North Macedonia.

The conference brought together central bank governors, policymakers, international financial institutions, and academia to discuss policy responses to heightened global uncertainty and structural transformations affecting monetary and financial stability.

Governor Ismaili contributed to the panel “Anchoring Stability in Times of High Uncertainty: Lessons for Macroeconomic Policies”, moderated by Mr. Sebastian Sosa (IMF), alongside Mr. Trajko Slaveski, Governor of the National Bank of the Republic of North Macedonia; Ms. Gordana Dimitrieska-Kochoska, Minister of Finance of the Republic of North Macedonia; Mr. Boris Vujčić, Governor of the Croatian National Bank; and Ms. Era Dabla-Norris, Deputy Director of the IMF Fiscal Affairs Department.

Governor Ismaili presented Kosovo’s policy approach to maintaining stability in a fully euroized economy, emphasizing a stability-first policy mix, where fiscal policy, macroprudential measures, and strong regulation and supervision act in a coordinated and forward-looking manner.

He underlined that a well-regulated and effectively supervised financial system, together with a proactive macroprudential framework, constitutes the first line of macroeconomic defence, ensuring financial sector resilience against external shocks.

Regarding the coordination between monetary and fiscal policies, he stressed the importance of targeted and temporary fiscal measures, supported by clear and consistent communication, to preserve policy coherence and avoid procyclicality.

Kosovo’s banking sector remains stable, well-capitalized, and highly liquid, with indicators above regulatory requirements, further supported by the EUREP liquidity line with the European Central Bank as an external liquidity backstop.

Governor Ismaili also noted ongoing efforts to strengthen crisis preparedness frameworks, including enhancements to the deposit insurance system and further assessment of emergency liquidity arrangements.

In closing, Governor Ismaili reaffirmed the CBK’s commitment to strengthening financial system resilience, advancing supervisory and crisis management frameworks, and supporting sustainable development in line with Kosovo’s European integration path.