Former Yugoslav Republic of Macedonia: 2018 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia

January 29, 2019

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Former Yugoslav Republic of Macedonia: 2018 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia, (USA: International Monetary Fund, 2019) accessed November 21, 2024

Summary

More than twelve years after achieving candidate status, FYR Macedonia’s prospects for opening accession negotiations with the European Union are looking hopeful for the first time. The end of the political crisis has revived structural reforms, but investment is yet to gain a strong footing amid lingering uncertainties. Structural policies should focus on addressing longstanding weaknesses in the labor market, judiciary, and public administration to boost productivity and achieve faster income convergence. Macroeconomic policies should support this goal by rebuilding buffers and maintaining financial stability.

Subject: Fiscal policy, Foreign exchange, Labor markets, Public debt, Public financial management (PFM), Revenue administration

Keywords: Baseline projection, Catch-up in capital spending, CR, EU accession negotiations, Europe, FYR Macedonia, Global, ISCR, Projection, Staff appraisal, Staff's projection

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/032
Stock No:

1MKDEA2019001
ISBN:

9781484396704
ISSN:

1934-7685

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