Governor Ismaili meets with IMF Mission for Second Review of Stand-By Arrangement (SBA) and Resilience and Sustainability Facility (RSF) led by Mr. Sebastian Sosa – Mission Chief and Regional Resident Representative for Kosovo

The Governor of the Central Bank of the Republic of Kosovo, Mr. Ahmet Ismaili, accompanied by his team, welcomed the visiting International Monetary Fund (IMF) Mission today, led by Mr. Sebastian Sosa – Mission Chief and Regional Resident Representative for Kosovo and accompanied by his team, for the second review of Kosovo’s Stand-By Arrangement (SBA) and Resilience and Sustainability Facility (RSF) arrangement.

The meeting, emphasized the collaborative endeavors between CBK and IMF to enhance institutional strength and implement recommendations from the arrangements, thus furthering macroeconomic stability and financial resilience.

Expressing his gratitude for the technical assistance provided by the IMF Mission to enhance institutional capacity building at the CBK, Governor Ismaili emphasized the importance of continued cooperation in advancing institutional progress amidst the challenges and opportunities facing Kosovo’s economy.

During the meeting, discussions centered around the macroeconomic outlook and projections for Kosovo, the progress made in implementing recommendations from the SBA and RSF arrangements, as well as exploring opportunities for new technical assistances.

Governor Ismaili elaborated on the progress made in implementing recommendations, as well as the finalization of the Draft Law on Banks. Additionally, Governor of the CBK highlighted new developments related to the economic outlook and amended legal framework.

The IMF mission, in turn, welcomed the completion of the Executive Board of the CBK and commended the progress made in strengthening institutional frameworks and capacities. The mission reiterated its commitment to supporting Kosovo’s economic resilience and sustainability.

The ongoing IMF Mission will extend from March 18 to 27, during which the IMF team will engage with CBK executive members and staff to continue assessments and discussions on strengthening CBK’s institutional capacities and framework.