Kosovo: Second Review Under the Stand-By Arrangement, Request for Rephasing of Purchases and Modification of a Performance Criterion

December 28, 2012

Preview Citation

Format: Chicago

Kosovo: Second Review Under the Stand-By Arrangement, Request for Rephasing of Purchases and Modification of a Performance Criterion, (USA: International Monetary Fund, 2012) accessed September 19, 2024

Summary

Kosovo’s economy is slowing, although it continues to display resilience overall. The banking sector remains well capitalized, liquid, and profitable, notwithstanding a recent increase in nonperforming loans. The main downside risk to the outlook remains a possible deterioration in labor market conditions. To safeguard primary fiscal balance target by year-end, the authorities have pre-identified spending cuts. The authorities are pursuing further initiatives to strengthen competitiveness, attract investment from abroad, and promote the development of a tradable sector.

Subject: Banking, Budget planning and preparation, Capital spending, Commercial banks, Expenditure, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM)

Keywords: Budget law, Budget planning and preparation, Capital spending, CR, Disbursement of SDR, Europe, Fiscal stance, Government, Government bank balance, ISCR, Republic of Kosovo executive board meeting, Unfunded expenditure commitment

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/345
Stock No:

1UVKEA2012003
ISBN:

9781557752550
ISSN:

1934-7685

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