CBK participates in the annual Economic and Financial Dialogue (ECOFIN) meeting

The Deputy Governor for General Functions of the Central Bank of the Republic of Kosovo (CBK), Ms. Nesrin Shileku-Shala, represented the CBK at the annual Economic and Financial Dialogue (ECOFIN), organized by the European Commission in Brussels.

Within the framework of this dialogue, Ms. Shileku-Shala presented developments in the financial sector and the macroeconomic outlook in Kosovo, emphasizing that the banking sector continues to remain resilient, well-capitalized, liquid, and profitable, while maintaining its capacity to support the financing of the economy.

She underlined that the CBK has undertaken macroprudential measures with a preventive approach, including the activation of capital buffers, such as the countercyclical capital buffer, as well as additional requirements for systemically important institutions, with the aim of strengthening the resilience of the financial system and safeguarding financial stability.

Furthermore, progress achieved in advancing the supervisory framework and aligning it with European Union standards was presented, including the further implementation of risk-based supervision and the harmonization of reporting frameworks. In this regard, reforms aimed at strengthening crisis management capacities were also highlighted, including the advancement of the framework for bank recovery and resolution, as well as the Emergency Liquidity Assistance Framework.

During the thematic discussion on the economic and financial situation and the impact of current geopolitical developments, Ms. Shileku-Shala emphasized the importance of preserving financial stability and the need for prudent policies and institutional coordination in addressing in a timely manner the risks arising from the external environment.

In this context, it was assessed that, despite challenges stemming from the external environment, Kosovo’s financial system has remained stable, supported by sound financial fundamentals and prudent measures undertaken by the CBK.

The Economic and Financial Dialogue serves as an important platform for the coordination of economic and financial policies between the European Union and partner countries, with a focus on strengthening macroeconomic stability, structural reforms, and alignment with EU standards.