Former Yugoslav Republic of Macedonia : Request for Stand-By Arrangement and Extension of Repurchase Expectations

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Former Yugoslav Republic of Macedonia : Request for Stand-By Arrangement and Extension of Repurchase Expectations
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Volume/Issue:
2005/339
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
September 2005
DOI:
http://dx.doi.org/10.5089/9781451952889.002
ISBN:
9781451952889
ISSN:
1934-7685
Page:
109
This paper discusses the Former Yugoslav Republic of Macedonia's (FYR Macedonia) Request for a Stand-By Arrangement and Extension of Repurchase Expectations. The authorities have asked the IMF to support an ambitious program that includes structural reforms that address the root causes of FYR Macedonia's weak performance. On the macroeconomic front, the near-term aims of the program are to strengthen the exchange rate peg by increasing foreign exchange reserves and to manage the transition from official budget financing to market-based financing. The program also aims to secure medium-term fiscal sustainability.
Article

Statement by Jeroen Kremers, Executive Director for the Former Yugoslav Republic of Macedonia

Author(s):
International Monetary Fund
Published Date:
September 2005
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