IMF Staff Country Reports

Former Yugoslav Republic of Macedonia: 2018 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia

Publication Date:

January 29, 2019

Electronic Access:

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Summary:

More than twelve years after achieving candidate status, FYR Macedonia’s prospects for opening accession negotiations with the European Union are looking hopeful for the first time. The end of the political crisis has revived structural reforms, but investment is yet to gain a strong footing amid lingering uncertainties. Structural policies should focus on addressing longstanding weaknesses in the labor market, judiciary, and public administration to boost productivity and achieve faster income convergence. Macroeconomic policies should support this goal by rebuilding buffers and maintaining financial stability.

Series:

Country Report No. 2019/032

Subject:

Fiscal policy Foreign exchange Labor markets Public debt Public financial management (PFM) Revenue administration