Former Yugoslav Republic of Macedonia: Staff Report for the 2000 Article IV Consultation

The macroeconomic developments in the Former Yugoslav Republic of Macedonia were positive, despite the Kosovo crisis. Executive Directors welcomed this development, stressed the need to implement prudent financial policies, and accelerate structural reforms. They emphasized the need to improve corporate governance and enterprise performance through implementation of laws on bankruptcy procedures and creditors' rights. Directors noted the need for improvements in the reliability, coverage, and timeliness of economic data, and recommended the authorities to participate in the General Data Dissemination System.
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Volume/Issue: Volume 2000 Issue 076
Publication date: June 2000
ISBN: 9781451826036
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Business and Economics , Banks and Banking , Exports and Imports , Labor , Public Finance , ISCR , CR , authority , staff , Macedonian authorities , staff report , government coalition , staff mission , fund staff , floating exchange rate regime , FYRM authorities , Kosovo crisis , authorities' intention , Imports , Budget planning and preparation , Europe

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Summary

The macroeconomic developments in the Former Yugoslav Republic of Macedonia were positive, despite the Kosovo crisis. Executive Directors welcomed this development, stressed the need to implement prudent financial policies, and accelerate structural reforms. They emphasized the need to improve corporate governance and enterprise performance through implementation of laws on bankruptcy procedures and creditors' rights. Directors noted the need for improvements in the reliability, coverage, and timeliness of economic data, and recommended the authorities to participate in the General Data Dissemination System.

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