Former Yugoslav Republic Of Macedonia: Staff Report for the 2006 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 344

Publication date: October 2006

ISBN: 9781451826111

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , authority , Macedonian authorities , government introduction , budget surplus , liberalization , medium-term goal , inflation low , Current account deficits , Currencies , Exchange rates , Eastern Europe

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Summary

Macedonia showed an economic recovery owing to its macroeconomic policies. Executive Directors appreciated the sound fiscal policies and efforts in bringing inflation under control and increasing international reserves. They stressed the need to reduce unemployment and keep the account deficit under control. Executive Directors stressed that the best way to meet these challenges would be by maintaining the country’s hard-won macroeconomic stability, accelerating structural reforms and prudent and well-coordinated monetary and fiscal policies, and liberalizing the labor market.