Former Yugoslav Republic of Macedonia: First Review Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria

November 13, 2003

Preview Citation

Format: Chicago

Former Yugoslav Republic of Macedonia: First Review Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 23, 2024

Summary

Macedonia's macroeconomic stabilization program continues to rest on the basis of fiscal and monetary policies, and has restored the fiscal balance to a sustainable level after two years of high deficits. Further structural measures are important to address impediments to growth and to reduce unemployment. Reforms are necessary to strengthen the investment climate by creating a predictable business environment, implementing judicial reforms, and addressing governance problems. The financial system stability assessment acknowledged the authorities' efforts to improve the soundness of the banking system and to address remaining vulnerabilities.

Subject: Banking, Budget planning and preparation, Currencies, Expenditure, External debt, Money, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Currencies, Executive board discussion, FYR Macedonia, Governance problem, Health sector employee, ISCR, Sector employee, Staff, Staff appraisal

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/354
Stock No:

1MKDEA0032003
ISBN:

9781451826074
ISSN:

1934-7685

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