The Central Bank of the Republic of Kosovo (CBK) has welcomed the World Bank’s official decision to remove Kosovo from the List of Fragile and Conflict-Affected Situations (FCS), commonly referred to as the FCV List (Fragile and Conflict-Affected Countries).
This important decision was confirmed through an official letter received today by the World Bank, and the updated list is now publicly available on its official website: World Bank FCS List FY26.
This marks a significant milestone for Kosovo, reflecting the country’s ongoing progress in strengthening institutional resilience, macroeconomic stability, financial governance, and the rule of law. The decision is also the result of close inter-institutional coordination with the Ministry of Finance, Labor and Transfers, as well as the CBK’s sustained engagement with international partners. Notably, the issue was extensively addressed during the 2025 Spring Meetings of the IMF and the World Bank in Washington, DC, where the need for a more accurate reflection of Kosovo’s institutional maturity was thoroughly argued.
In this context, the Governor of the CBK, together with his delegation, held direct meetings in Washington with key leaders of the World Bank and the IMF, from the department overseeing FCS countries to the highest leadership of the World Bank.
Key benefits for Kosovo from being removed from the FCS list include:
Improved international perception of the country’s institutional and economic stability;
Increased investor confidence and reduced risk assessments;
Greater access to development financing and private capital;
Reinforcement of Kosovo’s first sovereign credit rating, confirming positive trends in governance and economic fundamentals.
This achievement further strengthens Kosovo’s international credibility and supports the collective efforts of institutions toward realizing the country’s long-term vision of sustainable development, financial inclusion, and European integration.
The CBK expressed its gratitude to the management of the World Bank and reaffirmed its commitment to advancing reforms, deepening transparency, and strengthening international partnerships that contribute to Kosovo’s macro-financial stability and global reputation.
