Former Yugoslav Republic of Macedonia: Recent Economic Developments

July 10, 2000

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Former Yugoslav Republic of Macedonia: Recent Economic Developments, (USA: International Monetary Fund, 2000) accessed November 23, 2024

Summary

The economy of the Former Yugoslav Republic of Macedonia suffered a setback owing to the Kosovo crisis. The impact of the crisis, however, was less severe. Inflation remained low, the balance-of-payments position and the fiscal situation improved, and indicators of external vulnerability remained satisfactory. The National Bank of Macedonia faced contrasting challenges in the conduct of monetary policy. The pace of structural reforms picked up and a value-added tax was introduced. However, structural weaknesses in the financial system have prevented a more vigorous economic recovery.

Subject: Banking, Commercial banks, Credit, Expenditure, Financial institutions, Labor, Money, Pension spending, Wages

Keywords: Commercial banks, CR, Credit, Enterprise, Enterprise reform, Enterprise sector, FYRM authorities, Government, ISCR, Kosovo crisis, Liquidity position, NBM, Pension spending, Rate, Wages

Publication Details

Pages:

132
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/072
Stock No:

1MKDEA0012000
ISBN:

9781451825992
ISSN:

1934-7685

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