This web page provides information on the activities of the Office, views of the IMF staff, and the relations between the Republic of North Macedonia and the IMF. Additional information can be found on the Republic of North Macedonia country page, including official IMF reports and Executive Board documents in English that deal with the Republic of North Macedonia.

This office is part of the Regional Office for the Western Balkans.

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At a Glance

  • Current IMF membership: 190 countries
  • Republic of North Macedonia joined the Fund on December 14, 1992; Article VIII
  • Quota: SDR 140.3 million
  • Financial Position in the Fund

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News and Highlights

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Republic of North Macedonia and the IMF

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November 8, 2023

Restoring Price Stability and Securing Strong and Green Growth

Europe is at a turning point. After last year’s crippling energy price shock caused by Russia’s invasion of Ukraine, Europe faces the difficult task of restoring price stability now while securing strong and green growth in the medium term. Economic activity has started to cool and inflation to fall as a result of monetary policy action, phasing-out supply shocks, and falling energy prices. Sustained wage growth could, however, delay achieving price stability by 2025. Failing to tackle inflation now will risk additional growth damage in a world exposed to structural shocks from fragmentation and climate change. These global headwinds add to Europe’s long-standing productivity and convergence problems. To lift Europe’s potential for strong and green growth, countries need to remove obstacles to economic dynamism and upgrade infrastructure. This will strengthen business-friendly conditions and investment. Cooperation at the European level and with international partners will position Europe as a leader in the climate transition and support economic stability across the continent.


Read the Report