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You are looking at 1 - 2 of 2 items for :

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  • Fiscal policy x
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Cover IMF Staff Country Reports
Republic of Kosovo: 2021 Article IV Consultation-Press Release and Staff Report
International Monetary Fund. European Dept.
This 2021 Article IV Consultation determines that Kosovo’s people and its economy experienced a return to a certain degree of normality in 2021. Increased vaccination rates allowed a relaxation of stringency measures, supported mobility, and created the conditions for a resumption of diaspora travel. The fiscal response to the pandemic has been broadly adequate. Moreover, fiscal policy needs to return to a supportive stance in 2022. Focus, composition, and transparency of public spending needs strengthening including supporting economic resilience. While the objective to intensify vaccinations is both appropriate and commendable, intended policy actions under the “Economic Revival Program” need to be better defined, new social transfer programs should be more targeted, and the growth of existing transfers needs to be contained. Kosovo’s intentions to reduce carbon emissions are commendable. A credible climate and environment mitigation strategy should be centered around carbon pricing, while allocating its proceeds to investment in green projects and to mitigate the impact of higher energy prices on vulnerable households.
Keywords:
fund RELATIONS; CBK balance sheet; growth engine; IMF staff calculation; Policy discussion; Fiscal rules; Budget planning and preparation; Wages; Europe
Cover IMF Staff Country Reports
Republic of Estonia: Technical Assistance Report-Fiscal Transparency Evaluation
International Monetary Fund. Fiscal Affairs Dept.
The government of Estonia places a high importance on openness and transparency, both for their citizens and for regional and international partners. This is evidenced from various earlier reports on transparency and the implementation of many subsequent improvements in fiscal transparency practices. The objective of the assessment was to identify areas of fiscal risk vulnerabilities and reform priorities to ensure further improvements in transparent practices.
Keywords:
General government Fiscal; government finance statistics manual; General government assets; General government debt; General government investment; Subnational government; Budget planning and preparation; Financial statements; Fiscal risks; Public sector; Europe; Western Europe; Global; Baltics; Africa