Deputy Governor Fusha participates in the IMF –...

15/07/2024

The Deputy Governor of the Central Bank of Kosovo, Mr. Dardan Fusha, participated in the meeting of the International Monetary Fund (IMF) and World Bank Group Constituency held in Istanbul, Turkey, with the participation of representatives from the member countries of the Constituency: Austria, Belgium, Czech Republic, Hungary, Kosovo, Slovakia, Slovenia, and Turkey.

During the meeting, the latest developments at the global level and in the countries of Central, Eastern, and Southeastern Europe (CESEE) were discussed, focusing on the economies of the Constituency countries, including Kosovo.

On this occasion, the progress of Kosovo's program with the IMF was also discussed, which was evaluated positively for the successful implementation of reforms, as well as the concrete benefits from the SBA and RSF instruments, which are part of this program.

Additionally, the current challenges, opportunities, and positive trends in reducing inflation were discussed, as well as the uncertainties arising from geopolitical tensions and their potential impact on further fragmentation affecting trade and supply chains.

The discussions also covered internal aspects of the organization and coordination of representation within the Constituency, which concluded with the full agreement of all members.

The conclusion from the meeting emphasized the importance of building stable and sustainable institutions, focusing on effective governance and prudent policymaking, enabling the implementation of necessary reforms to attract foreign investments. At the same time, continuing towards the transition in adopting new technologies for productivity growth and policies to support sustainable financing.