The Central Bank of the Republic of Kosovo has been highly rated by the International Monetary Fund after the completion of Article IV consultations for the year 2024 and the third review of the Stand-By agreement and the sustainability agreement.

The IMF staff report, led by David Amaglobeli - Head of Mission for Kosovo, has welcomed the progress made by the CBK in advancing the legal and supervisory framework as well as the reforms undertaken by the CBK to maintain financial stability.

"The positive evaluation of the IMF emphasizes the proactive approach of the CBK in strengthening governance, financial stability and stability, digital payments, as well as the reforms undertaken for harmonization with the standards and practices implemented in the European Union. In addition, the IMF praised the CBK's progress in advancing the legal framework through the new Law on Banks, which has laid the foundation for modern regulatory and supervisory practices, as well as the Law on Payment Services, in addition to strengthening and advancing banking supervision. . Also, it emphasizes that the modernization of the banking supervision process, including the Supervisory Review and Evaluation Process (SREP), is in accordance with the supervisory framework implemented by the European Supervisory Authorities", says the announcement issued by CBK.

According to the report, the banking sector remains healthy - profitable and well capitalized, with low levels of non-performing loans and significant potential for expansion.

CBK announces that the removal of fees for basic bank accounts and administrative measures to combat informality have contributed to increasing access to finance and loans for households.

The report states that the program has performed well, all quantitative performance criteria and key indicators for the third review of the Stand-By Agreement have been met.

Otherwise, the IMF mission stayed in Kosovo from October 28 to November 11, 2024.