Former Yugoslav Republic of Macedonia: First Review Under the Precautionary Credit Line

International Monetary Fund

No 2011/280, IMF Staff Country Reports from International Monetary Fund

Abstract: The report says that Macedonia continues to pursue sound economic policies that are consistent with the program supported by the Precautionary Credit Line (PCL) arrangement. The authorities strengthened debt management policies and improved access to external funding and developed a domestic public debt market. This will help Macedonia to meet its financing needs from private market sources in future. The PCL plays a valuable role in supporting market confidence by signaling Macedonia’s commitment to prudent policies and strengthening its reserve buffers.

Keywords: ISCR; CR; Macedonian government Eurobond yield; PCL resource; staff report projection; debt management policy; government; Eurobond maturing; Government debt management; Debt service; Credit; Global (search for similar items in EconPapers)
Pages: 37
Date: 2011-09-14
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