This report builds on two previous similar reports from 2001 and 2002-Kosovo: Macroeconomic Issues and Fiscal Sustainability (2001) and Kosovo: Institutions and Policies for Reconstruction and Growth (2002). It is based on work performed during four IMF staff visits spanning a 15-month period...

Intro -- Contents -- Preface -- Acronyms and Abbreviations -- I Overview and Policy Conclusions -- II Recent Economic Trends, Short-Term Vulnerabilities, and Medium-Term Challenges -- III Fiscal Strategy, and Tax and Expenditure Systems -- IV Monetary Developments and the Financial Sector -- V...