Former Yugoslav Republic of Macedonia: Third Review Under the Stand: By Arrangement and Request for Rephasing of Access: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement

March 21, 2008

Preview Citation

Format: Chicago

Former Yugoslav Republic of Macedonia: Third Review Under the Stand: By Arrangement and Request for Rephasing of Access: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

Macedonia’s economic performance under the program has remained strong, reflecting the authorities’ commitment to build on the progress made and to advance the reform agenda. The average inflation rate was 2.3 percent, although it started to pick up recently owing to a relatively high increase in food prices, reflecting the global trend. On the expenditure side, the authorities will improve the quality of spending and redirect public spending to more productive uses, such as health, education, and infrastructure.

Subject: Balance of payments, Banking, Credit, Currencies, Foreign direct investment, Foreign exchange, Inflation, Money, Prices

Keywords: Consumer price inflation, CR, Credit, Currencies, Executive board discussion, Foreign direct investment, Global, Government, Inflation, Inflation increase, Inflation pressure, Interest rate increase, ISCR

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/107
Stock No:

1MKDEA2008001
ISBN:

9781451826142
ISSN:

1934-7685

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