Former Yugoslav Republic of Macedonia

Former Yugoslav Republic of Macedonia

Second Review Under the Stand-By Arrangement and Ex Post Assessment of Performance Under Fund-Supported Programs—Staff Report; Staff Supplement; Ex Post Assessment of Longer-Term Program Engagement-Staff Report; Public Information Notice and Press Release

by International Monetary Fund

98 pages· 2004· ISBN 9781452769851
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The staff report for the Second Review Under the Stand-By Arrangement on the Former Yugoslav Republic (FYR) of Macedonia highlights economic developments and policies. FYR of Macedonia’s economic performance since independence has been marked by notable achievements in macroeconomic management, as well as some disappointments in the area of structural reforms. Inflation was brought down from hyperinflation levels to the low single digits by the de facto exchange rate peg, which was sustained in spite of sometimes challenging circumstances.

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