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Republic of Kosovo: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Kosovo

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  • International Monetary Fund

Abstract

This paper discusses Republic of Kosovo’s Request for Purchase Under the Rapid Financing Instrument (RFI). The coronavirus disease 2019 (COVID-19) pandemic and the associated containment measures have severely weakened Kosovo’s economic outlook. The economy is expected to contract by 5 percent in 2020 as tourism receipts, remittances, exports of goods, and foreign direct investments will decrease due to travel restrictions and the effect of COVID-19 in trading partners and remittance-originating countries. The deteriorated economic outlook is expected to result in external and fiscal financing gaps. The RFI provides rapid and low-access financial assistance to member countries facing an urgent balance of payments need, without the need for a full-fledged economic program or reviews. It can provide support to meet a broad range of urgent needs, including those arising from commodity price shocks, natural disasters, conflict and post-conflict situations. Financial assistance under the RFI is provided in the form of outright purchases.

Suggested Citation

  • International Monetary Fund, 2020. "Republic of Kosovo: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Kosovo," IMF Staff Country Reports 2020/112, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2020/112
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=49339
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    Cited by:

    1. Sheba TEJANI & Sakiko FUKUDA‐PARR, 2021. "Gender and COVID‐19: Workers in global value chains," International Labour Review, International Labour Organization, vol. 160(4), pages 649-667, December.

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