An International Monetary Fund (IMF) mission, led by Stephanie Eble, visited Pristina during June 12-18, to discuss recent economic developments and Kosovo’s economic outlook. At the conclusion of the visit, Ms. Eble made the following statement:
Head of the International Monetary Fund for Kosovo, Stephanie Eble, appealed to Kosovo authorities not to increase number of pension and non-contributory schemes.
During a press conference held together with the Minister of Finance Bedri Hamza, she said that Kosovo continues to mark sustainable growth due to investments and exports.
Kosovo is considering how to reform its pension scheme for war veterans to address the spiralling cost after being urged by the International Monetary Fund to tackle the problem, officials in Pristina told BIRN.
http://www.balkaninsight.com/en/article/kosovo-amending-the-law-on-war-veterans-12-09-2016
Kosovo’s Minister of Finance, Avdullah Hoti, said today that his ministry has not managed to secure sufficient funds to provide pensions for the Kosovo Liberation Army (KLA) veterans. He said the number of veterans is increasing and the total amount of money dedicated for their pensions is not being approved by the International Monetary Fund (IMF). “It is important we find a solution as soon as possible but as things stand, at present there are no funds,” said Hoti.
Kosovo delegation headed by Minister of Finance Avdullah Hoti, is participating in the regular annual meeting of the International Monetary Fund and the World Bank in Washington.
A group of experts from the International Monetary Fund (IMF) during a visit identified a number of risks to the Kosovo budget. The experts concluded that the rapid expansion in spending related to various schemes, especially war-related benefits, is putting an increasing pressure on the budget and undermining the authorities’ efforts to maintain fiscal stability while creating space for capital projects and other priority spending.
In its first review of the agreement, the IMF said Kosovo’s economy is recovering as reforms pay off - but warned that political stalemate may have a negative impact.
The International Monetary Fund, IMF, on Monday said Kosovo’s economy is showing signs of improvement in its first review of the Stand-by Arrangement with the Balkan country.
The IMF noted that economic recovery was notable after agreed structural reforms with the government have started to deliver results.
The 3.8 percent growth that the International Monetary Fund (IMF) anticipates this year for Kosovo will not be sufficient. The head of IMF for Kosovo, Ruud Vermeulen, said in a press conference that Kosovo will have to first address unemployment. Vermeulen further said that the recent political developments in Kosovo will result in the decline of revenues as well as of investments. He also announced that the IMF Executive Board has approved the review of the programme for Kosovo.
The Executive Board of the International Monetary Fund (IMF) reviewed the implementation of the Stand-By agreement with Kosovo which enables it to disburse €35 million. The decision was taken at the meeting of the IMF Executive Board on 15 January. According to Kosovo Finance Minister, Avdullah Hoti, the funds will be available by next week and that the decision came after fulfillment of the IMF criteria.
Blocking of the Assembly and opposition actions are being disapproved by the chief of the International Monetary Fund (IMF) for Kosovo, Jacque Miniane.