The Executive Board of the IMF evaluates the progress of the CBK: The Central Bank of the Republic of Kosovo has a new momentum in the implementation of reforms and is working on strengthening its governing structures

17/11/2023

The Central Bank of the Republic of Kosovo (CBK) is working to strengthen its governance structures, with the support of the International Monetary Fund (IMF).

This is stated in the latest review of the IMF Executive Board on the Stand-By Agreement and the Program for Resilience and Sustainability for the Republic of Kosovo.

According to the IMF, the appointment of the new Governor has brought a renewed momentum for reforms implementation in the CBK.

" The appointment of a new Central Bank Governor in August has brought about renewed momentum for reform implementation”, it is stated in the announcement of the IMF.

Also, the IMF in this review says that, at the beginning of 2024, the new banking sector law is expected to be sent to the National Assembly of the Republic of Kosovo.

The CBK is also a signatory and part of the last Program "Resilience and Sustainability Facility (RSF)" where some concrete actions have been defined and which are being implemented according to the deadlines, as the IMF statement says.

The complete statement of IMFhttps://www.imf.org/en/News/Articles/2023/11/16/pr-23396-kosovo-first-review-of-resilience-and-sustainability-facility-arrangements