Kosovo [electronic resource] : Second Review Under the Stand-By Arrangement, Request for Rephasing of Purchases and Modification of a Performance Criterion.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 12/345Publication details: Washington, D.C. : International Monetary Fund, 2012Description: 1 online resource (59 p.)ISBN: 1557752559 :ISSN: 1934-7685Subject(s): Debt Service | Fiscal Balance | Fiscal Framework | Primary Fiscal Balance | KosovoAdditional physical formats: Print Version:: Kosovo : Second Review Under the Stand-By Arrangement, Request for Rephasing of Purchases and Modification of a Performance CriterionOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
Description based on print version record.
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