## IMF Executive Board Receives Request for a Precautionary and Liquidity Line Arrangement with North Macedonia

_IMF News, April 20, 2022_

## Source details

**Canonical URL:** [IMF Executive Board Receives Request for a Precautionary and Liquidity Line Arrangement with North Macedonia](https://www.imf.org/en/news/articles/2022/04/20/pr22124-imf-executive-board-receives-request-for-liquidity-line-north-macedonia)

## Other formats

- [Markdown version](/en/news/articles/2022/04/20/pr22124-imf-executive-board-receives-request-for-liquidity-line-north-macedonia/index.md)
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## Bibliographic details
- Published: April 20, 2022

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### Summary of action and timeline
- Press Release No. 22/124 dated April 20, 2022.
- The IMF Executive Board met on April 15 for an informal discussion of the request by the authorities of the Republic of North Macedonia for a two-year Precautionary and Liquidity Line (PLL).
- An IMF staff team will visit North Macedonia to consult with the authorities on their request.
- IMF Managing Director Kristalina Georgieva intends to recommend IMF Executive Board approval of the PLL arrangement, pending a staff-level agreement with the authorities on policies.
- The IMF Executive Board is expected to convene in the next months to formally consider the request.

### Purpose and rationale for the PLL request
- The PLL is a credit line available to member countries with sound economic fundamentals, policy frameworks, and policies.
- The PLL can help safeguard economies against external shocks by providing upfront access to IMF resources.
- The IMF notes North Macedonia’s sound economic fundamentals and policy frameworks, and its track record of sound policies, as the basis for the intended recommendation.

### Next steps and IMF support
- Staff mission: IMF staff will visit North Macedonia for consultations.
- Staff-level agreement: Recommendation for Board approval is conditional on reaching a staff-level agreement with the authorities on policies.
- Board consideration: The IMF Executive Board will formally consider the request in the next months.
- The IMF states it stands ready to continue to support North Macedonia during these exceptional times.

### Contact and media information
- IMF Communications Department, MEDIA RELATIONS, PRESS OFFICER: Meera Louis
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Social: @IMFSpokesperson
- Email notification sign-up available for updates when new series and/or country items are posted on the IMF website.

*IMF Press Release No. 22/124, April 20, 2022.*

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## Content in this bundle

- **Одборот на Извршни директори на ММФ доби барање за аранжман за линија за претпазливост и ликвидност**
  - [Одборот на Извршни директори на ММФ доби барање за аранжман за линија за претпазливост и ликвидност (Markdown version)](/-/media/files/news/press-release/2022/pr22124-mkd-north-macedonia.pdf.md){rel="alternate" type="text/markdown"}
  - [Одборот на Извршни директори на ММФ доби барање за аранжман за линија за претпазливост и ликвидност (PDF)](/-/media/files/news/press-release/2022/pr22124-mkd-north-macedonia.pdf){rel="external" type="application/pdf"}

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## References

- [Republic of North Macedonia and the IMF](http://www.imf.org/external/country/MKD/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [IMF Precautionary and Liquidity Line (PLL)](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/20/45/Precautionary-and-Liquidity-Line)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2022/04/20/pr22124-imf-executive-board-receives-request-for-liquidity-line-north-macedonia_