Former Yugoslav Republic of Macedonia: Staff Report for the 2001 Article IV Consultation

March 8, 2002

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Former Yugoslav Republic of Macedonia: Staff Report for the 2001 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 23, 2024

Summary

This 2001 Article IV Consultation highlights that after three consecutive years of generally favorable performance, the economy of the Former Yugoslav Republic of Macedonia (FYRM) suffered a setback in 2001 because of a six-month security crisis. Output declined markedly and new outlays on security operations and weak revenues contributed to a large expansionary fiscal swing. Owing to a deterioration of the external current account position, the foreign exchange loss was heavy. However, the impact on reserves was cushioned by sizable privatization inflows in early 2001.

Subject: Banking, Expenditure, External debt, Foreign exchange, Imports, International trade, Revenue administration

Keywords: CR, Eastern Europe, Europe, Exchange rate, Foreign exchange, FYRM, FYRM authorities, GDP, Government, IMF Concludes, Imports, ISCR, Loss-making enterprise, Privatization receipt, Receipt

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/047
Stock No:

1MKDEA0012002
ISBN:

9781451826005
ISSN:

1934-7685

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