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International Monetary Fund


Ce manuel a été publié par le FMI pour aider les utilisateurs de la base de données « Direction of Trade Statistics » du FMI. Le guide contient des recommandations sur lesquelles se fondent les déclarations au sujet de la répartition géographique des échanges régulièrement publiées par le FMI dans ses principales publications statistiques : Direction of Trade Statistics et International Financial Statistics .

International Monetary Fund


This handbook issued by the IMF is primarily intended for users of the IMF's direction of trade database. The guide describes the collection, compilation, and dessemination of statistics on exports and imports by partner country. National compilers of statistics on trade by country may also derive some benefit from the Guide.

Ms. Marina Primorac

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Mr. Robert J. Corker

IMF staff are projecting a resumption of growth in southeast Europe in 2000. GDP for the region is estimated to have contracted slightly in 1999, in part because of the Kosovo crisis but more so because of underlying macroeconomic and structural problems in the two largest economies, Romania and Croatia. Nevertheless, generally prudent macroeconomic management in most countries has provided a stable environment in which economic growth should rebound quite strongly in 2000 (see upper table). On average, Romania and Croatia are projected to continue to grow more slowly than the smaller countries in the region, but for both countries, growth is projected to firm during the year. In all countries, the sustainability of growth will depend on further progress in addressing macroeconomic imbalances and implementing structural reforms.

International Monetary Fund
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.
International Monetary Fund
This Selected Issues and Statistical Appendix paper examines the scope for improving the effectiveness of fiscal policy of Serbia and Montenegro in containing the persistently large external imbalance. The paper discusses the causes of the current problems and presents preliminary results of the projected finances of the Fund for Employees (FE). It suggests options for reducing the cost of pension outlays, and provides preliminary estimates of the impact of the authorities’ recent reform package on the FE finances. The paper also provides a description of the main parameters of the Serbian pension system.
International Monetary Fund. Monetary and Capital Markets Department
This paper discusses key findings and recommendations of the Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision on Bulgaria. Within the Banking Supervision Department, the Special Supervision Directorate (SSD) has been assigned multiple activities that go beyond its primary objective of ensuring integrity in the banking sector. The Bulgarian National Bank is not empowered to require a bank to change its internal organization or structure. It is recommended to refocus the activity of the SSD on its core mandate of financial integrity. This recommendation can be achieved by assigning nonsupervisory activities to other Directorates, preferably outside the Banking Supervision Department.
International Monetary Fund
The report says that Macedonia continues to pursue sound economic policies that are consistent with the program supported by the Precautionary Credit Line (PCL) arrangement. The authorities strengthened debt management policies and improved access to external funding and developed a domestic public debt market. This will help Macedonia to meet its financing needs from private market sources in future. The PCL plays a valuable role in supporting market confidence by signaling Macedonia’s commitment to prudent policies and strengthening its reserve buffers.
International Monetary Fund. European Dept.
This 2017 Article IV Consultation highlights slower growth in the former Yugoslav Republic of Macedonia following a solid economic recovery since the global financial crisis. Growth slowed to 2.4 percent in 2016 and contracted by 0.9 percent in the first half of 2017. Economic activity has been supported by private consumption and exports, while negative effects from prolonged political instability have restrained investment and slowed down corporate credit growth. Inflation has gradually picked up, after staying negative during the past few years. Public debt is projected to rise to 47 percent of GDP in 2017. Currently, the government is in the process of preparing the draft economic program.
International Monetary Fund. External Relations Dept.
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