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Former Yugoslav Republic of Macedonia: 2013 Article IV Consultation and First Post-Program Monitoring Discussions

International Monetary Fund

No 2013/178, IMF Staff Country Reports from International Monetary Fund

Abstract: Conservative policies, together with external official assistance, provided Macedonia with buffers to confront spillovers from the global crisis and deal with domestic shocks. External and financial stability have been maintained despite a difficult external environment. The start of EU accession negotiations remains uncertain. Some key recommendations of earlier Article IV Consultations have been implemented; others remain outstanding. Macedonia is well positioned to return to growth, although the external outlook presents a key risk. Policies should remain focused on boosting medium-term growth.

Keywords: ISCR; CR; FYR Macedonia; NBRM authorities; GDP; FDI project; fiscal policy; debt maturity; Foreign direct investment; Credit; Europe; Global; Eastern Europe; Southern Europe (search for similar items in EconPapers)
Pages: 64
Date: 2013-06-26
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