Former Yugoslav Republic of Macedonia : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

July 10, 2000

Electronic Access:

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Summary:

The economy of the Former Yugoslav Republic of Macedonia suffered a setback owing to the Kosovo crisis. The impact of the crisis, however, was less severe. Inflation remained low, the balance-of-payments position and the fiscal situation improved, and indicators of external vulnerability remained satisfactory. The National Bank of Macedonia faced contrasting challenges in the conduct of monetary policy. The pace of structural reforms picked up and a value-added tax was introduced. However, structural weaknesses in the financial system have prevented a more vigorous economic recovery.

Series:

Country Report No. 00/72

Subject:

English

Publication Date:

July 10, 2000

ISBN/ISSN:

9781451825992/1934-7685

Stock No:

1MKDEA0012000

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

132

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