Former Yugoslav Republic of Macedonia: 2010 Article IV Consultation and Request for an Arrangement Under the Precautionary Credit Line
February 4, 2011
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In this study, economic recovery and growth of Macedonia are discussed. In the financial sector, nonperforming loans (NPLs) rose, and bank profitability declined as a result of the crisis. Executive Directors agreed with the thrust of the staff appraisal. Directors were encouraged by the overall healthy condition of the financial system. The need to accelerate structural reforms and strengthen public infrastructure to raise productivity and help reduce high unemployment is encouraged. Macedonia met the Precautionary Credit Line (PCL) qualification requirements.
Subject: Central banks, Debt service, External debt, Government debt management, International reserves, Public debt, Public financial management (PFM)
Keywords: CR, Debt service, December uptick, December year-end inflation, Eastern Europe, Europe, Global, Government debt management, International reserves, ISCR, Macedonia, Macedonian government Eurobond, PCL arrangement, Southern Europe, staff report projection
Pages:
85
Volume:
2011
DOI:
Issue:
042
Series:
Country Report No. 2011/042
Stock No:
1MKDEA2011002
ISBN:
9781455216680
ISSN:
1934-7685
