Kosovo: Second Review Under the Stand-By Arrangement, Request for Rephasing of Purchases and Modification of a Performance Criterion

International Monetary Fund

No 2012/345, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; unfunded expenditure commitment; Republic of Kosovo executive board meeting; government; government bank balance; budget law; disbursement of SDR; Capital spending; Budget planning and preparation; Fiscal stance; Europe (search for similar items in EconPapers)
Pages: 59
Date: 2012-12-28
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