Republic of Kosovo: Staff Report for the First Assessment Under the Staff-Monitoring Program

IMF Staff Country Reports, December 30, 2011

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Canonical URL: Republic of Kosovo: Staff Report for the First Assessment Under the Staff-Monitoring Program

Paper presents the first assessment report under the Staff-Monitored Program (SMP) for Kosovo.
SMP policies target decisive steps toward fiscal sustainability and stronger budget management and execution.
Performance under the SMP has been largely satisfactory to date, with all end-September benchmarks but one having been met.
The end-September structural benchmark on the formulation of a tax compliance strategy was met.
A budget for 2012 was submitted to the Assembly at end-October that is in line with the authorities’ commitments under the SMP.
Publication date: December 30, 2011.

All end-September benchmarks but one were met.
The specific end-September structural benchmark on the formulation of a tax compliance strategy was met.
Overall characterization: largely satisfactory performance to date.

Policies emphasized: fiscal sustainability; stronger budget management and execution.
Key procedural milestone: submission of the 2012 budget to the Assembly at end-October, consistent with SMP commitments.