Former Yugoslav Republic of Macedonia: First Review Under the Precautionary Credit Line
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Summary:
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.
Series:
Country Report No. 2011/280
Subject:
Credit Debt service External debt Government debt management Money Public debt Public financial management (PFM)
English
Publication Date:
September 14, 2011
ISBN/ISSN:
9781463902988/1934-7685
Stock No:
1MKDEA2011003
Pages:
37
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