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Author : Stanislava Dodeva
Publisher :
ISBN 13 :
Total Pages : 7 pages
Book Rating : 4.:/5 (841 download)
Download or read book Contribution of the Former Yugoslav Republic of Macedonia written by Stanislava Dodeva and published by . This book was released on 1999 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484399005
Total Pages : 36 pages
Book Rating : 4.4/5 (843 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2013-06-26 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Macedonian labor market exhibits a high unemployment rate, yet does not demonstrate obvious and large enough constraints on the demand or supply side. Considerable achievements can be made by maintaining macroeconomic stability, attracting FDI, and closing the educational gaps. The second paper assesses ways in which the Macedonian financial sector could better contribute to growth and real convergence, taking stock of where the sector stands and its recent developments. Streamlining bankruptcy procedures, improving collateral and systematic collection and publication of real estate sales data, and revisiting the interest rate cap may serve to moderately boost credit supply.
Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498376150
Total Pages : 22 pages
Book Rating : 4.4/5 (983 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-07-25 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on Former Yugoslav Republic (FYR) of Macedonia investigates the macroeconomic impact of remittances on long-run external sustainability and growth. The paper presents stylized facts pertaining to the characteristics of remittances in Macedonia, highlighting their countercyclicality and importance in sustaining the purchasing power of domestic agents. The paper reviews to help set up a theoretical framework for assessing their macroeconomic impact, highlighting the possible risk of “Dutch disease” developments. The paper uses a Bayesian vector autoregression (BVAR) model to empirically investigate both hypotheses of countercyclicality and Dutch disease effects and puts forward a few policy options that may be explored to better harness remittances to support investment and long-term growth. The paper suggests that strong political engagement in support of diaspora projects is a key point. The mobilization of diaspora savings for private and public investment would maximize the long-term benefits of remittances.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451826133
Total Pages : 90 pages
Book Rating : 4.4/5 (518 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-07-30 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the Former Yugoslav Republic of Macedonia’s Second Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria and Rephasing of the Program. The 2007 fiscal deficit target increased modestly to 1 percent of GDP. Taxes were cut and budget quality improved, but there remain fiscal risks, in particular in delivering the planned reduction in transfers and subsidies. Over the medium term, the government aims to keep the fiscal deficit below 11⁄2 percent of GDP, cutting overall government spending by 2 percent of GDP while raising public investment.
Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484392663
Total Pages : 46 pages
Book Rating : 4.4/5 (843 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-01-27 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES The jobs and growth agenda should remain a top policy priority, with efforts focused on relaxing key constraints for domestic firms. Priorities include properly implementing and monitoring recent initiatives to enforce payment discipline in both public and private sector contracts, as well as upgrading the professional status of inspection bodies, clarifying their mandate, and streamlining their work. The public-sector led growth strategy will put pressure on other types of spending if consolidation is to proceed in the current low-tax environment. Investment spending should target gaps in transport and energy infrastructure to maximize the payoff for medium-term growth. At the same time, with public debt rising steadily to over 50 percent of GDP by 2017, fiscal policy should aim at reducing the deficit to below 2.6 percent of GDP by 2016. In the absence of further tax policy changes to boost revenues, a comprehensive spending review that seeks to minimize the growth impact of current expenditure compression should therefore be undertaken. More comprehensive public debt management is needed to support external sustainability. To further reduce risks, particularly currency risk, the strategy should be expanded to cover the debt of SOEs and contingent liabilities. Increased reliance on foreign currency borrowing also has important implications for central bank reserve developments and domestic liquidity that should be taken into account in evaluating government financing options. The monetary easing cycle has reached its end. The combination of relaxed financial conditions and tight prudential regulation has helped revive credit growth while preserving the health of the financial sector. While temporary supply-side developments have recently generated deflationary pressures, the focus of monetary policy henceforth should be on maintaining the attractiveness of holding denar-denominated assets in support of the exchange rate peg. Outstanding credit is scheduled to fall below 200 percent of quota at end-year. The external position and capacity to pay are sufficiently strong to allow for a cessation of post-program monitoring.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451826141
Total Pages : 78 pages
Book Rating : 4.4/5 (518 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-03-21 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macedonia’s economic performance under the program has remained strong, reflecting the authorities’ commitment to build on the progress made and to advance the reform agenda. The average inflation rate was 2.3 percent, although it started to pick up recently owing to a relatively high increase in food prices, reflecting the global trend. On the expenditure side, the authorities will improve the quality of spending and redirect public spending to more productive uses, such as health, education, and infrastructure.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1484301838
Total Pages : 51 pages
Book Rating : 4.4/5 (843 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2013-05-14 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses findings of the Technical Assistance Evaluation Report for the former Yugoslav Republic of Macedonia. Overall, the authorities indicated that technical assistance (TA) and training had been very useful in improving its statistical systems and statistics. The approach to provide subject-specific TA following the Data Module Report on the Observance of Standards and Codes (ROSC) was effective as the ROSC assessment was helpful in setting the context for future TA. The authorities emphasized the usefulness of training. They noted that despite the slow pace of implementation of TA missions’ recommendations in some cases, training had contributed to their understanding of international standards.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451826095
Total Pages : 88 pages
Book Rating : 4.4/5 (518 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-05-16 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the First Review Under the Stand-By Arrangement for Macedonia. Macroeconomic performance of Macedonia remains strong. Through end-December 2005, the authorities met all of the program’s quantitative performance criteria. Growth has remained steady at about 4 percent. Gross reserves have risen above €1 billion, allowing interest rates on National Bank of Macedonia bills to fall since November from 10 percent to 7 percent. To complete the First Review, the authorities have committed to strong policies, including measures to correct for delays in the program’s structural reforms.
Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498343376
Total Pages : 62 pages
Book Rating : 4.4/5 (983 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-07-25 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth accelerated to 3.1 percent in 2013, driven by a positive net exports contribution. The broad policy direction is supportive of near term macroeconomic stability. The key challenge is to transition from stability into an acceleration of medium term growth. Uncertainty with respect to EU accession remains, and weighs on longer term prospects.
Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484396766
Total Pages : 83 pages
Book Rating : 4.4/5 (843 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-01-28 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than twelve years after achieving candidate status, FYR Macedonia’s prospects for opening accession negotiations with the European Union are looking hopeful for the first time. The end of the political crisis has revived structural reforms, but investment is yet to gain a strong footing amid lingering uncertainties. Structural policies should focus on addressing longstanding weaknesses in the labor market, judiciary, and public administration to boost productivity and achieve faster income convergence. Macroeconomic policies should support this goal by rebuilding buffers and maintaining financial stability.
Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484330056
Total Pages : 75 pages
Book Rating : 4.4/5 (843 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2017-11-21 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451825986
Total Pages : 126 pages
Book Rating : 4.4/5 (518 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-09-23 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in the Former Yugoslav Republic of Macedonia during 1994–98. In 1994–95, the authorities reasserted control over monetary policy, stabilized the exchange rate, and undertook a substantial fiscal adjustment. As a result, price stability was restored by 1996 and the decline in output was arrested. Programs for recapitalizing banks and accelerating the process of enterprise adjustment and privatization began in 1995. In 1996, the economy started to pick up, but a surge in industrial output in late 1996, partly reflecting the restarting of the oil refinery, could not be maintained.
Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475555083
Total Pages : 66 pages
Book Rating : 4.4/5 (755 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-11-21 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 Article IV Consultation highlights that the economy of the Former Yugoslav Republic of Macedonia has been growing at a solid pace on the back of strong domestic demand and exports. The real GDP is now 16 percent above its precrisis level. In 2015, GDP growth increased to 3.8 percent from 3.6 percent in 2014. The unemployment rate continues to decline. Headline inflation has hovered at zero for the last two years, while core inflation turned positive at the end of 2015. GDP growth is projected to soften in 2016 but pick up in the medium term contingent on the return of political stability.
Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 151354313X
Total Pages : 66 pages
Book Rating : 4.5/5 (135 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-09-03 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that the economic recovery of Former Yugoslav Republic of Macedonia has strengthened. Real GDP growth accelerated to 3.8 percent in 2014, from 2.7 percent in 2013. Strong growth was attributed to double-digit growth in investment driven by activities in the Technological Industrial Development Zones and public infrastructure, as well as strong private consumption supported by robust credit growth and improving labor market conditions. GDP growth in 2015 is expected to moderate to 3.2 percent, with significant downside risks. A derailment of recent political agreement could negatively impact economic sentiment and growth.
Author : Aliercan Su
Publisher :
ISBN 13 : 9789291576074
Total Pages : 94 pages
Book Rating : 4.5/5 (76 download)
Download or read book Former Yugoslav Republic of Macedonia written by Aliercan Su and published by . This book was released on 2013 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review contributed to the programming of the Instrument for Pre-accession Assistance (IPA), namely to revision of the Multi-annual Operational Programme for Human Resources Development in the former Yugoslav Republic of Macedonia, as requested by the European Commission's Directorate General for Employment, Social Affairs and Inclusion. In line with the thematic priorities of the Operational Programme the report analyses key policies, issues and challenges in the three pillars of human resource development: education and training in a lifelong learning perspective, employment, and social inclusion. In the preparation of this review the European Training Foundation (ETF) relied on evidence and knowledge gathered from numerous key government institutions, international organisations, non-governmental organisations (NGOs), representatives from schools, and independent national and international experts active in the three policy areas. Previous thematic and country reports produced by the ETF also served as reliable sources.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1463902980
Total Pages : 37 pages
Book Rating : 4.4/5 (639 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-09-14 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451826168
Total Pages : 63 pages
Book Rating : 4.4/5 (518 download)
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-01-20 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2009 Article IV Consultation highlights that the Former Yugoslav Republic of Macedonia’s vulnerability at the outset of the global crisis was its large current account deficit in the context of the exchange rate peg to the euro. At the same time, it benefited from a small fiscal deficit, modest public debt, and significant international reserve buffers. Executive Directors have praised the Macedonian authorities for the conduct of macroeconomic policies, which contributed to a modest downturn in Macedonia’s economy relative to other countries in the region.
