Former Yugoslav Republic of Macedonia; 2003 Article IV Consultation and Request for Stand-By Arrangementâ€”Staff Report; Staff Statement; and Public Information Notice and Press Release on the Executive Board Discussion

This paper evaluates the 2003 Article IV Consultation and a Request for a Stand-By Arrangement (SBA) for the Former Yugoslav Republic of Macedonia (FYRM). The Article IV policy discussions focused on regaining a sustainable fiscal and external position, restarting economic growth and job creation, and addressing vulnerabilities resulting from public sector indebtedness, banking sector fragility, and euroization of bank and government balance sheets. FYRM has also requested IMF support of the program under an SBA in the amount SDR 20 million.

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Year of publication:	2003-05-20
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultations \| payments \| credit \| current account \| external debt \| balance of payments \| debt service \| central bank \| purchases \| current account deficit \| amortization \| public debt \| reserve assets \| debt ratio \| debt service payments \| government deficit \| conditionality \| external payments arrears \| public sector debt \| external payments \| short-term debt \| external debt service \| collateral \| repurchases \| reserve requirements \| debt sustainability \| long-term external debt \| prices \| external financing \| long-term debt \| current account deficits \| government debt \| bilateral agreements \| repayments \| foreign debt \| current account balance \| domestic currency \| domestic financing \| debt stock \| total external debt \| currency composition \| clients \| commercial debt \| external borrowing \| debt dynamics \| payment arrears \| debt management \| prepayment \| shares \| debt service obligations \| commercial creditors \| debt sustainability analysis \| public sector management \| stress testing \| foreign loans \| domestic savings \| external debt sustainability \| debt rescheduling \| budget law \| external payment \| domestic debt \| refinancing \| external shocks \| external loans \| debt burden \| bilateral donors \| checks \| debt creating inflows \| registration \| fiscal gap \| confidentiality \| counterpart \| credit tranches \| credit tranche \| balance sheet effects \| debt crisis \| official creditors \| external debt burden \| bilateral agreement \| general resources account \| payment system \| public sector indebtedness \| cash payments \| systemic risk

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/131 8 pages long
Source:	RePEc - Research Papers in Economics

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