IMF Staff Country Reports

Republic of Kosovo: Fifth Review Under the Stand-By Arrangement

Publication Date:

December 30, 2013

Electronic Access:

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Summary:

This paper discusses Kosovo’s Fifth Review Under the Stand-by Arrangement. All end-August 2013 and continuous performance criteria were met, as a renewed shortfall in customs collection was over-compensated by underexecution of spending. A prior action on issuing a government decision that specifies the nonallocation of €88 million across expenditure categories was also met. The applicable structural benchmarks were met on substance. Missed by small margins were the indicative targets on the nonaccumulation of domestic payments arrears by the central and general governments. The IMF staff supports the authorities’ request for completion of the fifth review under the Stand-By Arrangement.

Series:

Country Report No. 2013/379

Subject:

Banking Budget planning and preparation Capital spending Commercial banks Expenditure Financial crises Financial institutions Lender of last resort Public financial management (PFM)