Former Yugoslav Republic of Macedonia : First Review Under the Stand-By Arrangement, Requests for Waiver of Performance Criteria, and Extension of Repurchase Expectations

Author/Editor:

International Monetary Fund

Publication Date:

May 16, 2006

Electronic Access:

Free Full text (PDF file size is 742 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the First Review Under the Stand-By Arrangement for Macedonia. Macroeconomic performance of Macedonia remains strong. Through end-December 2005, the authorities met all of the program’s quantitative performance criteria. Growth has remained steady at about 4 percent. Gross reserves have risen above €1 billion, allowing interest rates on National Bank of Macedonia bills to fall since November from 10 percent to 7 percent. To complete the First Review, the authorities have committed to strong policies, including measures to correct for delays in the program’s structural reforms.

Series:

Country Report No. 06/188

Subject:

English

Publication Date:

May 16, 2006

ISBN/ISSN:

9781451826098/1934-7685

Stock No:

1MKDEA2006001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

88

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