Republic of Kosovo: First Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria : Staff Report; Press Release on the Executive Board Discussion.

Publication Date: July 17, 2012
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Summary: This paper presents findings of the First Review Under the Stand-By Arrangement (SBA) for the Republic of Kosovo. The paper highlights that macroeconomic and financial policies are broadly on-track. All end-April and continuous quantitative performance criteria under the SBA were met with comfortable margins, as a modest shortfall in revenue collection was overcompensated by underexecution of spending. The program’s key objectives remain restoring a sustainable fiscal position and sufficient government cash buffers, anchoring fiscal policy through the introduction of a fiscal rule, and enhancing the resilience of the financial system.
Series: Country Report No. 12/180
Frequency: Quarterly
Subject(s): Bank supervision | Debt sustainability analysis | Economic indicators | Fiscal consolidation | Global competitiveness | Government expenditures | Kosovo | Performance criteria modifications | Staff Reports | Stand-by arrangement reviews

Publication Date: July 17, 2012
ISBN/ISSN: 9781475506143/1934-7685 Format: Paper
Stock No: 1UVKEA2012002 Pages: 49
US$18.00 (Academic Rate:
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