European Parliament Library

Republic of Kosovo :, First Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion

This paper presents findings of the First Review Under the Stand-By Arrangement (SBA) for the Republic of Kosovo. The paper highlights that macroeconomic and financial policies are broadly on-track. All end-April and continuous quantitative performance criteria under the SBA were met with comfortable margins, as a modest shortfall in revenue collection was overcompensated by underexecution of spending. The program’s key objectives remain restoring a sustainable fiscal position and sufficient government cash buffers, anchoring fiscal policy through the introduction of a fiscal rule, and enhancing the resilience of the financial system
Table Of Contents
Cover; Contents; I. Introduction and Summary; II. Recent Developments; III. Economic Outlook and Risks; IV. Policy Discussions; A. Fiscal Policy; B. Monetary and Financial Policies; C. Competitiveness and Private Sector Development; V. Program Modalities; VI. Staff Appraisal; Boxes; 1. The Kosovo Privatization Agency (PAK); 2. Reforming Kosovo's Civil Service; 3. Reforming the Energy Sector; 4. Stand-By Arrangement; Figures; 1. Recent Economic Developments; 2. Selected Banking Sector Indicators; 3. Recent Fiscal Developments; Tables; 1. Main Indicators, 2008-17; 2. Real Growth, 2007-17
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (50 p.)
Specific Material Designation
Form Of Item

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