Former Yugoslav Republic of Macedonia: Staff Report for the 2003 Article IV Consultation and Request for Stand-By Arrangement
May 20, 2003
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This paper evaluates the 2003 Article IV Consultation and a Request for a Stand-By Arrangement (SBA) for the Former Yugoslav Republic of Macedonia (FYRM). The Article IV policy discussions focused on regaining a sustainable fiscal and external position, restarting economic growth and job creation, and addressing vulnerabilities resulting from public sector indebtedness, banking sector fragility, and euroization of bank and government balance sheets. FYRM has also requested IMF support of the program under an SBA in the amount SDR 20 million.
Subject: Central banks, Currencies, External debt, Foreign exchange, International reserves, Money, Public debt
Keywords: assessment, CR, Currencies, Eastern Europe, fry Macedonia, International reserves, ISCR, Middle East, priority recommendation, Republic of Macedonia well, safeguard, staff appraisal, staff finding
Pages:
89
Volume:
2003
DOI:
Issue:
131
Series:
Country Report No. 2003/131
Stock No:
1MKDEA0012003
ISBN:
9781451826012
ISSN:
1934-7685
