CBK welcomes Kosovo’s removal from the World Bank List of Fragile and Conflict-Affected Situations (FCS/FCV): A result of continued commitment and interinstitutional coordination

The Central Bank of the Republic of Kosovo (CBK) welcomes the World Bank’s decision to officially remove Kosovo from its List of Fragile and Conflict-Affected Situations (FCS), also referred to as the FCV (Fragile and Conflict-Affected Countries) List.

This important decision was confirmed through an official communication received today from the World Bank, and the updated list is now published on its official website🔗 https://thedocs.worldbank.org/en/doc/5c7e4e268baaafa6ef38d924be9279be-0090082025/original/FCSListFY26.pdf

This is a significant moment for Kosovo, reflecting the country’s ongoing progress in strengthening institutional resilience, macroeconomic stability, financial governance, and the rule of law. The decision also stems from strong interinstitutional coordination with the Ministry of Finance, Labour and Transfers, and from CBK’s continuous engagement with international partners. In particular, the issue was prominently addressed during the 2025 IMF–World Bank Spring Meetings in Washington DC, where the need for a more accurate reflection of the Republic of Kosovo’s institutional maturity was extensively argued.

As part of this process, the Governor of the CBK and the delegation held direct meetings with several senior officials from the World Bank and the IMF — from the relevant FCS department to the highest leadership levels of the World Bank.

Some of the main expected benefits for Kosovo following its removal from the FCS list include:

• Improved international perception of the country’s institutional and economic stability;
• Increased investor confidence and reduced financial risk assessments;
• More favorable conditions for development financing and access to private capital; and
• Complementarity with Kosovo’s first sovereign credit rating, which confirms the country’s positive trajectory in governance and economic fundamentals.

This achievement further strengthens Kosovo’s international credibility and reinforces the collective institutional efforts to realize our long-term vision for sustainable development, financial inclusion, and European integration.

CBK expresses its appreciation to the World Bank management and remains committed to advancing reforms, deepening transparency, and strengthening international partnerships that contribute to Kosovo’s macro-financial stability and global reputation.