Republic of Kosovo: Request for Stand-By Arrangement

July 29, 2010

Preview Citation

Format: Chicago

Republic of Kosovo: Request for Stand-By Arrangement, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

Kosovo’s economic performance has strengthened considerably, but structural deficiencies undermine export sector development and prospects for sustainable growth. The program seeks to restore fiscal sustainability and safeguard financial sector stability. Restoring fiscal sustainability requires strengthening the credibility of the budget process and improving tax administration. Decisive action is necessary to improve energy sector finances and halt the drain of fiscal resources. Good governance of the Pension and Savings Trust is essential. Financial strength of the banking sector is adequate, but crisis preparedness needs to be enhanced.

Subject: Banking, Budget planning and preparation, Capital spending, Expenditure, Public debt, Public financial management (PFM)

Keywords: Bank balance, Budget planning and preparation, Capital spending, CR, Disbursement equivalent, Europe, Global, ISCR, Law of the central bank of the Republic of Kosovo, Preliminary understanding, Southern Europe, Spending initiative, Staff appraisal

Publication Details

Pages:

89
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/245
Stock No:

1UVKEA2010001
ISBN:

9781455202638
ISSN:

1934-7685

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