Yugoslav Republic of Macedonia : Second Post-Program Monitoring Discussions

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

February 26, 2014

Electronic Access:

Free Full Text (PDF file size is 1490 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of Second Post-Program Monitoring Discussions with Former Yugoslav Republic of Macedonia. Growth continues to strengthen, although the recovery is not yet broad-based. Private non-debt creating capital flows have slowed, and could leave the reserve path increasingly driven by an accumulation of external public debt. Central government debt has increased by about 15 percentage points since the beginning of the global financial crisis, in the context of growing broader public sector operations. The strong recovery in first half of 2013, high bank liquidity, and the decline in reserves suggest an end to the easing cycle would be in order.

Series:

Country Report No. 14/62

Subject:

English

Publication Date:

February 26, 2014

ISBN/ISSN:

9781475570809/1934-7685

Stock No:

1MKDEA2014001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

48

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