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

Publication Date: December 28, 2012
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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.
Series: Country Report No. 12/345
Subject(s): Stand-by arrangement reviews | Fiscal policy | Banking sector | Bank supervision | Staff Reports | Press releases | Phasing of purchases | Performance criteria modifications | Kosovo

Publication Date: December 28, 2012
ISBN/ISSN: 9781557752550/1934-7685 Format: Paper
Stock No: 1UVKEA2012003 Pages: 59
US$18.00 (Academic Rate:
US$18.00 )
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