Former Yugoslav Republic of Macedonia: 2013 Article IV Consultation and First Post-Program Monitoring Discussions
IMF Staff Country Reports, June 26, 2013
Source details
- Canonical URL
- Former Yugoslav Republic of Macedonia: 2013 Article IV Consultation and First Post-Program Monitoring Discussions
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Bibliographic details
- Published: June 26, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484323717.002
Executive summary and outlook
- Conservative policies, together with external official assistance, provided Macedonia with buffers to confront spillovers from the global crisis and deal with domestic shocks.
- External and financial stability have been maintained despite a difficult external environment.
- The start of EU accession negotiations remains uncertain.
- Macedonia is well positioned to return to growth, although the external outlook presents a key risk.
- Policies should remain focused on boosting medium-term growth.
Key findings
- Policy stance: Conservative macroeconomic policies helped preserve buffers during global and domestic shocks.
- External and financial stability: Both have been maintained despite a difficult external environment.
- EU accession: The start of EU accession negotiations was uncertain at the time of the report.
- Implementation of past recommendations: Some key recommendations of earlier Article IV Consultations have been implemented; others remain outstanding.
Subjects and keywords (as listed)
- Subjects: Balance of payments, Banking, Credit, External debt, Fiscal policy, Foreign direct investment, Money, Public debt.
- Keywords: CR, Credit, debt maturity, Eastern Europe, Europe, FDI project, fiscal policy, Foreign direct investment, FYR Macedonia, GDP, Global, ISCR, NBRM authorities, Southern Europe.