Former Yugoslav Republic of Macedonia : First Review Under the Stand-By Arrangement, Requests for Waiver of Performance Criteria, and Extension of Repurchase Expectations

1MKDEA2006001 Image
Price:  $15.00

Release Date: © May, 2006
ISBN : 978-1-45182-609-8
Stock #: 1MKDEA2006001
English
Stock Status: On back-order

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Description

This paper discusses key findings of the First Review Under the Stand-By Arrangement for Macedonia. Macroeconomic performance of Macedonia remains strong. Through end-December 2005, the authorities met all of the program’s quantitative performance criteria. Growth has remained steady at about 4 percent. Gross reserves have risen above €1 billion, allowing interest rates on National Bank of Macedonia bills to fall since November from 10 percent to 7 percent. To complete the First Review, the authorities have committed to strong policies, including measures to correct for delays in the program’s structural reforms.

Taxonomy

Balance of payments , Economic policy , Fiscal policy , Monetary policy




More publications in this series: IMF Staff Country Reports