At the request of the Government ofKosovo (GoK), a World Bank (WB) mission visited Kosovoduring September 26 to October 04, 2017 to conduct a debtmanagement performance assessment (DeMPA). The objectives ofthe mission were (i) to assess the strengths and areas ofdevelopment; (ii) to discuss the authorities’ immediateneeds for TA and follow-up reform plan activities. Thisreport assesses the debt management performance of thegovernment to manage central government debt by applying the2015 DeMPA methodology. This is the second evaluation of thegovernment debt performances for the country. The firstDeMPA assessment was conducted in 2012. Kosovo alsobenefitted from a Medium-Term Debt Management Strategymission in February 2017. The mission worked with governmentofficials from Cash and Debt Management Department (CDMD) ofthe Treasury, an agency of Ministry of Finance (MoF), as themain counter party. Meetings were also held with the CentralBank of Kosovo (CBK), National Audit Office (NAO), KosovoPension Savings Fund (KPSF), and three primary dealer banks,as well as with various units of the MoF, including humanresources, legal office and internal audit. The missionagenda and the list of officials met during the mission areincluded in Annex 1. The main findings of this assessmentalong the five main areas of the DeMPA methodology aresummarized below. Overall, there have been noteworthyimprovements in various areas of debt management, includingstrategy development, domestic borrowing, debt reporting andrecording. Challenges mainly arise from staffingconstraints, which induce a high level of operational risk.
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