The Central Bank of the Republic of Kosovo reported that Governor Ahmet Ismaili participated as a panellist in an IMF high-level session during the 2025 IMF and World Bank Annual Meetings on strengthening financial system resilience in developing countries and transition economies. Ismaili outlined progress in Kosovo’s financial system and described how the IMF Financial Sector Stability Review (FSSR) helped strengthen institutional governance, supervisory and analytical capacity, and the regulatory framework, with the central bank implementing almost all recommendations across its key functional areas. He highlighted the shift to fully risk-based supervision, establishment of a framework for systemic risk monitoring, advances in macroprudential policy and financial stability work, modernization of financial statistics in line with international standards, and progress on financial inclusion and consumer protection. Ismaili linked these reforms to the expansion of the financial sector, Kosovo’s removal from the World Bank and IMF common list of fragile and conflict-affected situations, and the country receiving its first sovereign credit rating from Fitch Ratings, and underscored the need for more forward-looking risk assessments including emerging risks from fintechs and non-bank institutions, supported by investment in people, data and systems including artificial intelligence.
Central Bank of the Republic of Kosovo 2025-10-15
Central Bank of the Republic of Kosovo showcases IMF FSSR-led supervisory and macroprudential reforms at IMF high-level panel
Governor Ahmet Ismaili of the Central Bank of the Republic of Kosovo attended an IMF session at the 2025 IMF and World Bank Annual Meetings, discussing financial system resilience in developing countries. He highlighted Kosovo's progress in financial reforms, including risk-based supervision, systemic risk monitoring, and financial inclusion, leading to its removal from the fragile states list and its first sovereign credit rating from Fitch Ratings. Ismaili emphasized the need for forward-looking risk assessments and investment in technology and human resources.