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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

International Monetary Fund

No 2019/032, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; baseline projection; staff appraisal; projection; staff's projection; catch-up in capital spending; EU accession negotiations; FYR Macedonia; Global; Europe (search for similar items in EconPapers)
Pages: 83
Date: 2019-01-29
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