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

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/379

IMF Staff Country Reports

Language:

English

Subjects (All):

Kosovo--Economic conditions.

Kosovo.

Kosovo--Economic policy.

Physical Description:

1 online resource (53 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

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.

Contents:

Cover; CONTENTS; INTRODUCTION AND SUMMARY; RECENT DEVELOPMENTS; ECONOMIC OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Fiscal Policy; B. Financial Sector Policies; C. Competitiveness and Private Sector Development; PROGRAM MODALITIES; STAFF APPRAISAL; BOXES; 1. Stand-By Arrangement; 2. Imports and Growth; 3. Non-Performing Loans and Credit Growth; 4. Key Elements of the 2014 Budget; 5. Bank Contributions for ELA and the Design of a Bank Liquidity Fund; TABLES; 1. Main Indicators, 2010-18; 2. Real Growth, 2010-18; 3. Consolidated Government Budget, 2011-14

4. Consolidated Government Budget, 2011-185. Balance of Payments, 2010-18; 6. Central Bank and Commercial Bank Survey, 2008-14; 7. Selected Financial Soundness Indicators, 2009-13; 8a. Gross Financing Requirements, 2011-13 (Millions of Euros); 8b. Gross Financing Requirements, 2011-13 (Percent of GDP); 9. Indicators of Capacity to Repay the Fund; 10. Schedule of Purchases Under the Stand-by Arrangement, 2012-13; FIGURES; 1. Recent Economic Developments; 2. Selected Banking Sector Indicators, 2006-13; 3. Recent Fiscal Developments; APPENDIX; Letter of Intent; ATTACHMENT

Technical Memorandum of UnderstandingANNEX; Debt Sustainability Analysis

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed February 17, 2014).

ISBN:

9781475555462

1475555466

9781484337479

1484337476

9781484337882

1484337883

OCLC:

868487720