Non-recognition gives Kosovo a headache

It is 11 years since Kosovo declared independence from Serbia, and even now, only about half of the UN recognizes it as a free-standing sovereign state. That lack of international validation – not least the absence of a credit rating – is holding back a strong economy.

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Bill Clinton Boulevard in the capital, Pristina

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IMF SPECIAL:
THE PLACES THAT
FINANCE FORGOT

Visit Pristina in summer and it’s hard to believe Kosovo has any serious economic problems. Stylish coffee bars and restaurants are packed with well-dressed customers. Expensive SUVs clog the highways. Teenagers in a supermarket pay for chocolates and cigarettes with a €100 note.

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