Former Yugoslav Republic of Macedonia: First Review Under the Precautionary Credit Line
September 14, 2011
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The report says that Macedonia continues to pursue sound economic policies that are consistent with the program supported by the Precautionary Credit Line (PCL) arrangement. The authorities strengthened debt management policies and improved access to external funding and developed a domestic public debt market. This will help Macedonia to meet its financing needs from private market sources in future. The PCL plays a valuable role in supporting market confidence by signaling Macedonia’s commitment to prudent policies and strengthening its reserve buffers.
Subject: Credit, Debt service, External debt, Government debt management, Money, Public debt, Public financial management (PFM)
Keywords: CR, Credit, debt management policy, Debt service, Eurobond maturing, Global, government, Government debt management, ISCR, Macedonian government Eurobond yield, PCL resource, staff report projection
Pages:
37
Volume:
2011
DOI:
Issue:
280
Series:
Country Report No. 2011/280
Stock No:
1MKDEA2011003
ISBN:
9781463902988
ISSN:
1934-7685
