Kosovo : Economic and Social Reforms for Peace and Reconciliation
The report discusses the principal economic, and social reform policy tasks, Kosovo is facing, following the decade-long losses due to civic exclusion of a major part of its ethnic population, the absence of investments, and the neglect of physical...
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/05/1620973/kosovo-economic-social-reforms-peace-reconciliation http://hdl.handle.net/10986/13991 |
| Summary: | The report discusses the principal
economic, and social reform policy tasks, Kosovo is facing,
following the decade-long losses due to civic exclusion of a
major part of its ethnic population, the absence of
investments, and the neglect of physical, and human capital,
a period which culminated in the 1999 conflict. It intends
to inform on the framework of the United Nations Interim
Administration in Kosovo, i.e., the consolidation of peace,
by fostering social reconciliation, towards achieving
sustainable economic growth in the province. The key
challenges to the political economy address: 1) the
formulation of a sustainable budget, increasingly financed
through local taxation, hence, with reduced reliance on
external donor support. Fiscal institutions need to be
developed to ensure efficient public spending; 2) the
establishment of trade liberalization, and a customs regime,
to increase the potential for growth, and exports, allowing
as well to benefit from the arrangements fostered by the
Stability Pact, and the European Union; 3) the use of hard
currency for internal transactions, and savings, and, the
development of a strategy for banking sector development;
and, 4) the creation of a reformed framework to encourage
growth, by stimulating private enterprise development.
Moreover, three aspects of social policy call for: an
education policy at par with competitor countries; health
policy that strengthens health care delivery, and addresses
the effects of recent social traumas; and, social protection
regarding a highly vulnerable population. |
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