IMF Projects 2% Growth for Macedonia
Wednesday, 30 December 2009

In its latest report, the IMF welcomed the country’s return to the path of recovery. However, the growth support, while at the same time cutting the external debt, will remain a big challenge for Macedonia.

According to the IMF’s report, restrictive monetary policy of the National Bank of Macedonia (NBRM) helped in increasing foreign exchange reserves and protecting the denar rate. Still, the IMF advised the government to wait for clear signs of favorable trends.

 


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