The economy of Kosovo is a transition economy Despite substantial development subsidies, Kosovo was the poorest province of the former Yugoslavia. During the 1990s poor economic policies, international sanctions, little access to external trade and finance, and ethnic conflict severely damaged the already-weak economy. After the declaration of independence of 2008 the situation deteriorated further; the uncertain international status of Kosovo, its widespread official corruption and the pervasive influence of organised crime made it difficult to attract investment and loans^{[citation needed]}. Both unemployment and poverty rates are estimated at close to half the population.

After increases in 2000 and 2001, growth in GDP was negative in 2002 and 2003 and expected to be around 3 percent in 2004–2005, with domestic sources of growth unable to compensate for declining foreign aid. Inflation was low, while the budget posted a deficit for the first time in 2004. Kosovo has a negative balance of trade; in 2004, the deficit of the balance of goods and services was close to 70 percent of GDP. Payments from persons living abroad accounted for an estimated 13 percent (and foreign aid for around 34 percent) of GDP.

Kosovo ( /ˈkɒsəvoʊˌ ˈkoʊsəvoʊ/; Albanian: Kosovë, Kosova; Serbian: Косово or Косово и Метохија or Космет, Kosovo or Kosovo i Metohija or Kosmet) is a region in southeastern Europe. In antiquity, it was known as the independent kingdom, and later Roman province, of Dardania. Part of the medieval Serbia, it was then conquered by the Ottoman Empire, later incorporated into Serbia after the First Balkan War and before the constitution of Yugoslavia, later still it became the Autonomous Province of Kosovo and Metohija (Serbian: Autonomna Pokrajina Kosovo i Metohija) within Serbia (Serbia then being one of the constituent republics of Yugoslavia). Long-term severe ethnic tensions between Kosovo's Albanian and Serb populations have left Kosovo ethnically divided, resulting in inter-ethnic violence, including the Kosovo War of 1999. Following the Kosovo War, the Federal Republic of Yugoslavia (FRY) relinquished governance of this territory, whose governance was taken over by the United Nations, Kosovo remained legally the sovereign territory of the FRY after the transfer of authority. The partially recognised Republic of Kosovo (Albanian: Republika e Kosovës; Serbian: Република Косово, Republika Kosovo), a self-declared independent state, has de facto control over most of the territory, while North Kosovo, the largest Kosovo Serb enclave, is under the control of institutions of the Republic of Serbia.Serbia does not recognise the unilateral secession of Kosovo and considers it a UN-governed entity within its sovereign territory.

Ronald Ernest "Ron" Paul (born August 20, 1935) is an American politician who has been the U.S. Representative for Texas's 14th congressional district, which includes Galveston, since 1997, and a three-time candidate for President of the United States, as a Libertarian in 1988 and as a Republican in 2008 and currently 2012. He is an outspoken critic of American foreign and monetary policies, including the Military–industrial complex and the Federal Reserve, and is known for his libertarian-leaning views, often differing from his own party on certain issues.

A native of Pittsburgh, Pennsylvania, Paul is a graduate of Gettysburg College and Duke University School of Medicine, where he earned his medical degree. He served as a medical officer in the United States Air Force from 1963 until 1968. He worked as an obstetrician-gynecologist from the 1960s to the 1980s, delivering more than 4,000 babies. He became the first Representative in history to serve concurrently with a child in the Senate when his son Rand Paul was elected to the United States Senate for Kentucky in 2010.

Ahmet Shala (Serbo-Croat: Ahmet Šalja) was the Minister for Economy and Finance in the Government of Kosovo.