Republic of Kosovo: Fifth Review Under the Stand-By Arrangement

International Monetary Fund

No 2013/379, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Kosovo’s Fifth Review Under the Stand-by Arrangement. All end-August 2013 and continuous performance criteria were met, as a renewed shortfall in customs collection was over-compensated by underexecution of spending. A prior action on issuing a government decision that specifies the nonallocation of €88 million across expenditure categories was also met. The applicable structural benchmarks were met on substance. Missed by small margins were the indicative targets on the nonaccumulation of domestic payments arrears by the central and general governments. The IMF staff supports the authorities’ request for completion of the fifth review under the Stand-By Arrangement.

Keywords: ISCR; CR; amount; SDR; amount to SDR; SBA with Kosovo; arrangement to SDR; foreign direct investment; banking system; Budget planning and preparation; Lender of last resort; Capital spending; Commercial banks (search for similar items in EconPapers)
Pages: 52
Date: 2013-12-30
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