Former Yugoslav Republic of Macedonia: 2013 Article IV Consultation and First Post-Program Monitoring Discussions

June 26, 2013

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Former Yugoslav Republic of Macedonia: 2013 Article IV Consultation and First Post-Program Monitoring Discussions, (USA: International Monetary Fund, 2013) accessed November 26, 2024

Summary

Conservative policies, together with external official assistance, provided Macedonia with buffers to confront spillovers from the global crisis and deal with domestic shocks. External and financial stability have been maintained despite a difficult external environment. The start of EU accession negotiations remains uncertain. Some key recommendations of earlier Article IV Consultations have been implemented; others remain outstanding. Macedonia is well positioned to return to growth, although the external outlook presents a key risk. Policies should remain focused on boosting medium-term growth.

Subject: Balance of payments, Banking, Credit, External debt, Fiscal policy, Foreign direct investment, Money, Public debt

Keywords: CR, Credit, Debt maturity, Eastern Europe, Europe, FDI project, Fiscal policy, Foreign direct investment, FYR Macedonia, GDP, Global, ISCR, NBRM authorities, Southern Europe

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/178
Stock No:

1MKDEA2013002
ISBN:

9781484323717
ISSN:

1934-7685

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