IMF Staff Country Reports

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

Publication Date:

December 28, 2012

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. 2012/345

Subject:

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