Republic of Kosovo: Request for Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion

International Monetary Fund

No 2012/100, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government cash buffer; Stand-By Arrangement; policy; sound policy stance; policy objective; membership status; liability positions vis-à-vis nonresident; Income; Remittances (search for similar items in EconPapers)
Pages: 70
Date: 2012-05-09
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