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.
Electronic Access:
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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. 2012/180
Subject:
Banking Budget planning and preparation Economic sectors Expenditure Fiscal policy Fiscal stance Privatization Public financial management (PFM)
Frequency:
Quarterly
English
Publication Date:
July 17, 2012
ISBN/ISSN:
9781475506143/1934-7685
Stock No:
1UVKEA2012002
Pages:
49
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