Fender
Commanding Moderator
Hardarse
Posts: 2,653
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Post by Fender on Oct 23, 2007 8:27:46 GMT -5
[glow=red,2,300]IMF: Kosovo cannot finance itself [/glow]
23 October 2007 | 14:23 | Source: Tanjug BELGRADE -- The economy in Kosovo is not conducive to sustainable development, the International Monetary Fund (IMF) said yesterday.
Moreover, the province cannot finance itself due to low industrial output and a shortage of direct foreign investment, the international financial organization says.
Kosovo’s economy is characterized by an unclear revenue structure, an enormous foreign trade deficit and virtually non-existent industry.
Imports account for over 80 percent of the province's consumption, while its main tax revenue comes from customs and excise collected at administrative points, the IMF said.
According to the organization, Kosovo is also unable to secure servicing for its foreign debt of USD 1.2bn.
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Post by zgembo on Oct 23, 2007 10:04:35 GMT -5
Ekonomski teret uvek bili i ostali.
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Post by Novi Pazar on Oct 23, 2007 20:36:20 GMT -5
Corruption and the underworld is draging the people of the region down. Almost 10 years the region has been in the hands of the UN!.
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