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Kosovo: Second Review Under the Stand-By Arrangement, Request for Rephasing of Purchases and Modification of a Performance Criterion
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 345
Language:
English
Publication Date:
28 Dec 2012
DOI:
https://doi.org/10.5089/9781557752550.002
ISBN:
9781557752550
ISSN:
1934-7685
Pages:
59
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund