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

December 30, 2013

Preview Citation

Format: Chicago

Republic of Kosovo: Fifth Review Under the Stand-By Arrangement, (USA: International Monetary Fund, 2013) accessed November 21, 2024

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.

Subject: Banking, Budget planning and preparation, Capital spending, Commercial banks, Expenditure, Financial crises, Financial institutions, Lender of last resort, Public financial management (PFM)

Keywords: Amount, Amount to SDR, Arrangement to SDR, Banking system, Budget planning and preparation, Capital spending, Commercial banks, CR, Foreign direct investment, ISCR, Lender of last resort, SBA with Kosovo, SDR

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/379
Stock No:

1UVKEA2013006
ISBN:

9781475555387
ISSN:

1934-7685

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