The Effect Of Covid-19 Pandemic in Kosovo Prishtina TABLE OF CONTENTS EXECUTIVE SUMMARY........................................................................ 3 INTRODUCTION................................................................................... 4 COVID-19 IN THE REPUBLIC OF KOSOVO............................................. 5 BACKGROUND.......................................................................................... 5 CENTRAL GOVERNMENT'S RESPONSE................................................ 6 POLICY REACTIONS.............................................................................. 6 RESPOND: THE HEALTH CARE FRONT.............................................. 6 RESPOND: THE ECONOMIC FRONT................................................. 7 MONETARY POLICY........................................................................ 7 FISCAL POLICY........................................................................................ 7 EMERGENCY FISCAL PACKAGE ............................................................ 8 ECONOMIC STIMULUS MEASURES ....................................................... 8 RESPOND: EDUCATION FRONT ...................................................... 10 COVID-19 FINANCIAL EFFECT IN LOCAL GOVERNMENTS ................. 11 GOVERNMENT SPENDING .................................................................... 11 OWN-SOURCE REVENUES .................................................................... 12 LOCAL GOVERNMENT RESPONSE AND WAY FORWARD.................... 14 2