Former Yugoslav Republic of Macedonia : Staff Report for the 2001 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

March 8, 2002

Electronic Access:

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Summary:

This 2001 Article IV Consultation highlights that after three consecutive years of generally favorable performance, the economy of the Former Yugoslav Republic of Macedonia (FYRM) suffered a setback in 2001 because of a six-month security crisis. Output declined markedly and new outlays on security operations and weak revenues contributed to a large expansionary fiscal swing. Owing to a deterioration of the external current account position, the foreign exchange loss was heavy. However, the impact on reserves was cushioned by sizable privatization inflows in early 2001.

Series:

Country Report No. 02/47

Subject(s):

English

Publication Date:

March 8, 2002

ISBN/ISSN:

9781451826005/1934-7685

Stock No:

1MKDEA0012002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

54

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