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World Bank Document Document of The World Bank Group FOR OFFICIAL USE ONLY Public Disclosure Authorized Report No. 112337-XK INTERNATIONAL DEVELOPMENT ASSOCIATION INTERNATIONAL FINANCE CORPORATION MULTILATERAL INVESTMENT GUARANTEE AGENCY COUNTRY PARTNERSHIP FRAMEWORK Public Disclosure Authorized FOR REPUBLIC OF KOSOVO FOR THE PERIOD FY17–FY21 April 25, 2017 Public Disclosure Authorized Western Balkans Country Management Unit Europe and Central Asia The International Finance Corporation Europe and Central Asia The Multilateral Investment Guarantee Agency This document has a restricted distribution and may be used by recipients only in the performance of their Public Disclosure Authorized official duties. Its contents may not otherwise be disclosed without World Bank Group authorization. The date of the last Country Partnership Strategy was May 29, 2012 CURRENCY EQUIVALENTS Exchange Rate Effective as of March 31, 2017 Currency Unit = Euro (€) €1.00 = US$1.07 SDR 1.00 = US$1.36 GOVERNMENT’S FISCAL YEAR January 1 – December 31 ABBREVIATIONS AND ACRONYMS AF Additional Financing KEK Kosovo Energy Corporation (Korporata Energjetike e Kosovës) ARDP Agriculture and Rural Development KfW Kreditanstalt für Wiederaufbau Project ASA Advisory Services and Analytics KRPP Kosova e Re Power Plant (New Kosovo Power Plant) BEEPS Business Environment and Enterprise LFS Labor Force Survey Performance Survey CAD Current Account Deficit MAFRD Ministry of Agriculture, Forestry and Rural Development CBK Central Bank of Kosovo MEST Ministry of Education, Science, and Technology CEA Country Environmental Analysis MFI Microfinance Institution CLR Completion and Learning Review MIGA Multilateral Investment Guarantee Agency CLRP Cleanup and Land Reclamation Project MoF Ministry of Finance CPF Country Partnership Framework MSMEs Micro, Small, and Medium Enterprises CPS Country Partnership Strategy NDS National Development Strategy CSO Civil Society Organization NEET Neither in Education, Employment, or Training DANIDA Danish International Development Agency NPL Non-performing Loan DPL Development Policy Loan NQI National Quality Infrastructure DPO Development Policy Operation OECD Organisation for Economic Co-operation and Development EBRD European Bank for Reconstruction and PEFA Public Expenditures and Financial Development Accountability EC European Commission PFM Public Financial Management ECD Early Childhood Development PFR Public Financial Review EMIS Education Management Information PISA Program for International Student System Assessment ERA European Reform Agenda PRG Partial Risk Guarantee ERP Economic Reform Program PPP Public-Private Partnership ESIA Environmental and Social Impact PSIA Poverty and Social Impact Assessment Assessment EU European Union PSW Private Sector Window FCS Fragile and Conflict-affected Situations RAE Roma, Ashkali, and Egyptians FDI Foreign Direct Investment RDGP Rural Development Grant Program FSAP Financial Sector Assessment Program RECAP Real Estate and Cadaster Project FSSMIP Financial Sector Strengthening and Market ROSC Report on the Observance of Standards and Infrastructure Project Codes FY Fiscal Year SAA Stabilization and Association Agreement GDP Gross Domestic Product SCD Systematic Country Diagnostic GHG Greenhouse Gas SDG Sustainable Development Goal IBRD International Bank for Reconstruction and SMEs Small and Medium Enterprises Development ICT Information and Communication STEP Skills Toward Employment and Technology Productivity IDA International Development Association TA Technical Assistance IEG Independent Evaluation Group TF Trust Fund IFC International Finance Corporation UN United Nations IFI International Financial Institution UNDP United Nations Development Programme IMF International Monetary Fund USAID United States Agency for International Development IPA Instrument for Pre-accession VAT Value Added Tax KEDS Kosovo Electricity Distribution Company (Shërbimet e Shpërndarjës së Energjisë Elektrike në Kosovë) IDA IFC MIGA Vice President: Cyril Muller Dimitris Tsitsiragos Keiko Honda Director: Ellen A. Goldstein Tomasz Telma Merli Baroudi Task Team Leader: Marco Mantovanelli Thomas Lubeck, Gianfilippo Carboni George Konda FY17–-21 COUNTRY PARTNERSHIP FRAMEWORK FOR REPUBLIC OF KOSOVO TABLE OF CONTENTS I. INTRODUCTION ......................................................................................................................1 II. COUNTRY CONTEXT AND DEVELOPMENT AGENDA ...............................................1 Social and Political Context .................................................................................................................... 1 Recent Economic Developments ............................................................................................................. 2 Poverty Profile ......................................................................................................................................... 5 Drivers of Poverty and Development Challenges ................................................................................... 6 III. WORLD BANK GROUP PARTNERSHIP FRAMEWORK ...........................................13 A. Government Program and Medium-term Strategy ...................................................................... 13 B. Proposed World Bank Group Country Partnership Framework ............................................... 14 Focus Area 1 - Enhancing Conditions for Accelerated Private Sector Growth and Employment ..... 22 Focus Area 2 - Strengthening Public Service Delivery and Macro-Fiscal Management ................... 28 Focus Area 3 - Promoting Reliable Energy and Stewardship of the Environment ............................ 31 C. Implementing the Country Partnership Framework ................................................................... 35 IV. MANAGING RISKS TO THE CPF PROGRAM ..............................................................37 Annex 1: Kosovo CPF Results Framework ............................................................................................ 39 Annex 2: Kosovo FY12–FY16 Country Partnership Strategy Completion and Learning Review ... 50 Annex 3: Selected Indicators of Bank Portfolio Performance and Management ............................... 85 Annex 4: Operations Portfolio (IBRD/IDA and Grants) ....................................................................... 87 Annex 5: Statement of IFC’s Held and Disbursed Portfolio and Ongoing MIGA Operations ......... 88 Annex 6: Visual Illustration of Key Drivers of Fragility (from Risk and Resilience Assessment) .... 89 Annex 7: Cross-cutting Themes ............................................................................................................... 90 Annex 8: Citizen Engagement Country Roadmap Kosovo CPF FY17–21 .......................................... 94 Annex 9: Kosovo CPF and Sustainable Development Goals ................................................................ 95 Annex 10: Active and Potential Advisory Services and Analytics (ASA) ............................................ 97 FY17–21 COUNTRY PARTNERSHIP FRAMEWORK FOR REPUBLIC OF KOSOVO I. INTRODUCTION 1. This Country Partnership Framework (CPF) for Kosovo covers the period from July 1, 2016 to June 30, 2021 (fiscal years 2017–21). The CPF builds on the results and lessons of the previous World Bank Group Country Partnership Strategy (CPS) which originally covered the period July 1, 2011–June 30, 2015, and was subsequently extended by one year. The new CPF seeks to address the top priorities identified by the recently completed Systematic Country Diagnostic (SCD) for Kosovo. 2. The CPF will selectively support Kosovo’s development agenda as outlined in the National Development Strategy (NDS) 2016–2021 and the 2016 Economic Reform Program (ERP). The NDS is divided into four thematic pillars: human capital, good governance and rule of law, development of competitive industries, and development of infrastructure. The CPF will support activities outlined in the NDS that will most effectively contribute to eradicating poverty and improving shared prosperity, the twin goals of the World Bank Group. 3. The strategic objective of the FY17–21 CPF is to assist Kosovo in moving on a path toward more sustainable, export-oriented, and inclusive growth, in order to provide its citizens more opportunities for a better life. The CPF has nine objectives grouped under three Focus Areas: (a) Enhancing Conditions for Accelerated Private Sector Growth and Employment, (b) Strengthening Public Service Delivery and Macro-Fiscal Management, and (c) Promoting Reliable Energy and Stewardship of the Environment. The World Bank Group strategy will continue to support and be aligned with Kosovo’s European Union (EU) accession and integration process. 4. Kosovo is eligible for International Development Association (IDA) financing (on blend terms). This CPF will encompass the last year of IDA17 (FY17), the three years of IDA18 (FY18-20), and the first year of IDA19 (FY21). This would ensure that the next CPF cycle will be prepared when clarity exists on IDA19 allocations. On average, during IDA17, the Kosovo annual IDA allocation amounted to about US$24 million. For FY18-20, the CPF envisions an annual allocation equivalent to US$35 - 53 million per year, subject to the final outcome of the IDA18 replenishment and modalities of the resource allocation process, reflecting IDA’s renewed emphasis on fragility, conflict, and violence. For CPF planning purposes, Kosovo’s allocation for FY21 under IDA19 is assumed
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