Former Yugoslav Republic of Macedonia : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

February 4, 2011

Electronic Access:

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Summary:

This paper asks 1) whether reliance on Eurobond financing over the medium term is consistent with sound debt management policy and 2) whether Macedonia can reasonably expect Eurobond borrowing costs to fall in the future. The main conclusions are that Eurobond financing appears justified in the near term but over a longer horizon, the country should seek to develop domestic debt markets as a complementary funding source. For 2011–12, the government plans to fully finance its fiscal deficits though Eurobond issues.

Series:

Country Report No. 11/33

English

Publication Date:

February 4, 2011

ISBN/ISSN:

9781455216673/1934-7685

Stock No:

1MKDEA2011001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

25

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