The International Monetary Fund’s (IMF) European Department, in cooperation with the Central Bank of the Republic of Kosovo (CBK), presented the Regional Economic Outlook (REO) for Europe in Prishtina.

This event was attended by over 60 representatives from various institutions and organizations, including the public sector, academia, the financial sector, and international organizations.

The presentation provided an overview of recent economic developments and outlook in Europe and discussed how further EU accession could support further integration and accelerate income convergence of countries aspiring to become EU members.

The governor of CBK, Ahmet Ismaili, stressed that Kosovo’s financial system remains stable, highly liquid, and well-capitalized. He highlighted CBK’s ongoing commitment to reforms and alignment of the legal framework with European Union (EU) standards, expressing gratitude for the support of international partners.

“By maintaining a well-regulated banking sector and closely monitoring key financial and macroeconomic indicators, we can manage uncertainties and work towards sustainable economic development. Our reforms aim to strengthen the banking sector and integrate it towards the EU”, said Ismaili.

He also mentioned the commitment to improving the legal and supervisory framework according to EU directives and Basel standards, ensuring the financial sector aligns with best international practices.

He emphasized that financial inclusion and consumer protection are CBK’s priorities, committing to improve access to financial services and protect consumer rights, aiming to create an inclusive financial system.

The report was presented by Mr. Sebastian Weber, followed by discussions on the report and economic developments in the country.

In the discussion panel, the CBK Deputy Governor for Banking Operations, Mr. Dardan Fusha, and IMF’s Regional Resident Representative for the Western Balkans, Mr. Sebastian Sosa, discussed economic and financial situation in Kosovo and the Western Balkans, while Mission Chief for Kosovo Mr. David Amaglobeli elaborated on the role of fiscal and structural reforms for maximizing benefits from integration with the EU.

Otherwise, this event took place ahead of a high-level conference which will mark the 25th anniversary of the establishment of the Central Bank of Kosovo.