Kosovo: Second Review Under the Stand-By Arrangement, Request for Rephasing of Purchases and Modification of a Performance Criterion
December 28, 2012
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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.
Subject: Banking, Budget planning and preparation, Capital spending, Commercial banks, Expenditure, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM)
Keywords: budget law, Budget planning and preparation, Capital spending, CR, disbursement of SDR, Europe, Fiscal stance, government, government bank balance, ISCR, Republic of Kosovo executive board meeting, unfunded expenditure commitment
Pages:
59
Volume:
2012
DOI:
Issue:
345
Series:
Country Report No. 2012/345
Stock No:
1UVKEA2012003
ISBN:
9781557752550
ISSN:
1934-7685
