Central Bank of the Republic of Kosovo is an independent public institution and its primary objective is to promote and maintain a sound financial system and an efficient payment system
The International Monetary Fund (IMF) has concluded the Article IV Mission in Kosovo for 2021, on which occasion it has presented a concluding statement.
The IMF has assessed the resilience of the banking sector. This is expressed through high levels of capital and liquidity on the one hand and non-performing loans at low levels on the other hand, which are partly as a result of measures taken by the CBK regarding the pandemic.
In the concluding statement of the Assessment Mission for Article IV, the IMF finds that the decisions of the CBK on loan restructuring have enabled the increase of lending, which will have an annual increase of over 10% during 2021.
Furthermore, the concluding statement of the IMF sets out the priorities of financial policy such as: maintaining the independence of the Central Bank, the completion of the Central Bank Board as soon as possible, the further increase of the Liquidity Emergency Fund, which can be done by the new allocation SDRs (special drawing rights), as well as the continuation of credit risk monitoring, especially in developing the CBK's capacity to analyze banks' risk in the context of the application of International Financial Reporting Standards 9.
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