Kosovo in fiscal limbo after IMF move

se times
10/06/2011
Analysts see "an enormous and unprecedented threat" to financial stability and prospects for investment.

By Muhamet Brajshori for Southeast European Times in Pristina -- 10/06/11

Kosovo could find itself in a financial hole now that its stand-by agreement (SBA) with the IMF -- worth hundreds of millions of euros in grants and loans -- has been put on ice, analysts tellSETimes.

"A financial crisis is very possible because the government will not have the budget to finance planned projects and the wages," said the executive director of the Balkan Policy Institute, Seb Bytyci. He estimates the country will face a 5% budget deficit this year.....more....

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