Former Yugoslav Republic of Macedonia : Selected Issues

Publication Date: February 04, 2011
Electronic Access: Free Full text (PDF file size is 520KB).
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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
Subject(s): Debt management | Debt refinancing | Debt strategy | Economic models | Electric power | Fiscal reforms | Selected issues | Sovereign debt

Publication Date: February 04, 2011
ISBN/ISSN: 9781455216673/1934-7685 Format: Paper
Stock No: 1MKDEA2011001 Pages: 25
US$18.00 (Academic Rate:
US$18.00 )
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