Former Yugoslav Republic of Macedonia: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the former Yugoslav Republic of Macedonia
February 18, 2009
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The staff report for the 2008 Article IV Consultation of the Former Yugoslav Republic of Macedonia discusses economic developments and policies. The new government’s economic program aims to raise growth further, but does not address these vulnerabilities. Plans to increase the central government deficit permanently to about 2 percent of GDP or perhaps even higher risk worsening external vulnerabilities. The main risk to growth and macroeconomic stability is the widening current account deficit.
Subject: Balance of payments, Credit, Currencies, Current account, Current account deficits, External debt, Money
Keywords: annex, CR, Credit, Currencies, Current account, Current account deficits, customs administration reform, electricity sector reform, FYR Macedonia, Global, government, inflation rate, information, information annex, ISCR, security reform
Pages:
68
Volume:
2009
DOI:
Issue:
060
Series:
Country Report No. 2009/060
Stock No:
1MKDEA2009001
ISBN:
9781451826159
ISSN:
1934-7685
