Former Yugoslav Republic of Macedonia: First Review Under the Stand-By Arrangement, Requests for Waiver of Performance Criteria, and Extension of Repurchase Expectations

May 16, 2006

Preview Citation

Format: Chicago

Former Yugoslav Republic of Macedonia: First Review Under the Stand-By Arrangement, Requests for Waiver of Performance Criteria, and Extension of Repurchase Expectations, (USA: International Monetary Fund, 2006) accessed November 27, 2024

Summary

This paper discusses key findings of the First Review Under the Stand-By Arrangement for Macedonia. Macroeconomic performance of Macedonia remains strong. Through end-December 2005, the authorities met all of the program’s quantitative performance criteria. Growth has remained steady at about 4 percent. Gross reserves have risen above €1 billion, allowing interest rates on National Bank of Macedonia bills to fall since November from 10 percent to 7 percent. To complete the First Review, the authorities have committed to strong policies, including measures to correct for delays in the program’s structural reforms.

Subject: Balance of payments, Banking, Credit, Currencies, Current account, External debt, Money, Revenue administration

Keywords: Authorities project, Authority, CR, Credit, Currencies, Current account, Eastern Europe, Government securities market, ISCR, Monetary policy, Opposition MP, Request, Sound fiscal policy, Southern Europe, Staff appraisal

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/188
Stock No:

1MKDEA2006001
ISBN:

9781451826098
ISSN:

1934-7685

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