Kosovo’s ELA rules are ‘major improvement’, say IMF staff

Kosovo's central bank

Kosovo's new emergency liquidity assistance (ELA) regulation represents a "major improvement" in the country's financial safety net, conclude staff at the International Monetary Fund.

The rules, adopted by the Central Bank of the Republic of Kosovo's board in September, set out the conditions banks must meet to qualify for ELA and the types of collateral they can pledge.

"It provides more detail and rigour than the previous regulation on the criteria by which ELA applicants will be assessed, and

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