{
  "title": "Former Yugoslav Republic of Macedonia: 2013 Article IV Consultation and First Post-Program Monitoring Discussions",
  "publication": "IMF Staff Country Reports, June 26, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/former-yugoslav-republic-of-macedonia-2013-article-iv-consultation-and-first-post-program-40715",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Executive summary and outlook",
      "content": "- Conservative policies, together with external official assistance, provided Macedonia with buffers to confront spillovers from the global crisis and deal with domestic shocks.\n- External and financial stability have been maintained despite a difficult external environment.\n- The start of EU accession negotiations remains uncertain.\n- Macedonia is well positioned to return to growth, although the external outlook presents a key risk.\n- Policies should remain focused on boosting medium-term growth."
    },
    {
      "heading": "Key findings",
      "content": "- Policy stance: Conservative macroeconomic policies helped preserve buffers during global and domestic shocks.\n- External and financial stability: Both have been maintained despite a difficult external environment.\n- EU accession: The start of EU accession negotiations was uncertain at the time of the report.\n- Implementation of past recommendations: Some key recommendations of earlier Article IV Consultations have been implemented; others remain outstanding."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Balance of payments, Banking, Credit, External debt, Fiscal policy, Foreign direct investment, Money, Public debt.\n- Keywords: CR, Credit, debt maturity, Eastern Europe, Europe, FDI project, fiscal policy, Foreign direct investment, FYR Macedonia, GDP, Global, ISCR, NBRM authorities, Southern Europe.\n\n---\n\n Content in this bundle\n\n- Cr13178\n  - Cr13178 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr13178 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 26, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484323717.002",
    "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.",
    "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: 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.",
    "**Cr13178**"
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