Republic of Kosovo: Request for Stand-By Arrangement

International Monetary Fund

No 2010/245, IMF Staff Country Reports from International Monetary Fund

Abstract: Kosovo’s economic performance has strengthened considerably, but structural deficiencies undermine export sector development and prospects for sustainable growth. The program seeks to restore fiscal sustainability and safeguard financial sector stability. Restoring fiscal sustainability requires strengthening the credibility of the budget process and improving tax administration. Decisive action is necessary to improve energy sector finances and halt the drain of fiscal resources. Good governance of the Pension and Savings Trust is essential. Financial strength of the banking sector is adequate, but crisis preparedness needs to be enhanced.

Keywords: ISCR; CR; staff appraisal; spending initiative; bank balance; preliminary understanding; law of the central bank of the Republic of Kosovo; disbursement equivalent; Budget planning and preparation; Capital spending; Global; Europe; Southern Europe (search for similar items in EconPapers)
Pages: 89
Date: 2010-07-29
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