Republic of Kosovo: Request for Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion.
May 9, 2012
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This staff report discusses the Republic of Kosovo’s request for a Stand-By Arrangement. Kosovo is in the final stages of transition to full self-governance in economic and financial affairs. Kosovo’s economy has remained largely shielded from turbulence in the euro area, owing to limited integration into cross-border financial markets and a small export base. Real GDP growth in 2011 is estimated at 5 percent, driven principally by domestic demand, in particular investment. Inflation has been moderated to 3.5 percent, after a spike to double-digit figures in early 2011 triggered by higher prices for imported foodstuffs.
Subject: Balance of payments, Banking, Fiscal policy, Fiscal stance, Income, National accounts, Public debt, Remittances, Revenue administration
Keywords: CR, government cash buffer, Income, ISCR, liability positions vis-à-vis nonresident, membership status, policy, policy objective, Remittances, sound policy stance, Stand-By Arrangement
Pages:
70
Volume:
2012
DOI:
Issue:
100
Series:
Country Report No. 2012/100
Stock No:
1UVKEA2012001
ISBN:
9781475503371
ISSN:
1934-7685
