Kosovo : Second Review Under the Stand-By Arrangement, Request for Rephasing of Purchases and Modification of a Performance Criterion
Electronic Access:
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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:
Bank supervision Banking sector Fiscal policy Kosovo Performance criteria modifications Phasing of purchases Press releases Staff Reports Stand-by arrangement reviews
English
Publication Date:
December 28, 2012
ISBN/ISSN:
9781557752550/1934-7685
Stock No:
1UVKEA2012003
Format:
Paper
Pages:
59
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