Former Yugoslav Republic of Macedonia: Request for Stand-By Arrangement and Extension of Repurchase Expectations

September 19, 2005

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Former Yugoslav Republic of Macedonia: Request for Stand-By Arrangement and Extension of Repurchase Expectations, (USA: International Monetary Fund, 2005) accessed November 28, 2024

Summary

This paper discusses the Former Yugoslav Republic of Macedonia’s (FYR Macedonia) Request for a Stand-By Arrangement and Extension of Repurchase Expectations. The authorities have asked the IMF to support an ambitious program that includes structural reforms that address the root causes of FYR Macedonia’s weak performance. On the macroeconomic front, the near-term aims of the program are to strengthen the exchange rate peg by increasing foreign exchange reserves and to manage the transition from official budget financing to market-based financing. The program also aims to secure medium-term fiscal sustainability.

Subject: Banking, Credit, External debt, Fiscal policy, Money, Public debt, Revenue administration

Keywords: Balance sheet risk, CR, Credit, Foreign currency, Foreign currency rating, Global, ISCR, Macedonia, Macedonian authorities, Rating, Sovereign credit ratings, Staff appraisal

Publication Details

Pages:

109
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/339
Stock No:

1MKDEA2005001
ISBN:

9781451952889
ISSN:

1934-7685

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