Tag: IMF
Macedonia Economy 16.10.20 | 19:18

IMF predicts a 5.4 percent contraction, one percent greater than what Zaev estimated

A new report from the International Monetary Fund estimates that the Macedonian economy will decline by 5.4 percent in 2020. This flies in the face of the comments made by Prime Minister Zoran Zaev, that the contraction will amount to 4.4 percent. In April, before the extent of the pandemic was fully...

Economy 23.09.20 | 14:45

Former Finance Minister Tevdovski leaves Macedonia, takes up a job in D.C.

Former Finance Minister Dragan Tevdovski is leaving the country and has taken up a job in D.C., with the International Monetary Fund, Kurir.mk reports. Tevdovski was in the Zaev Government from 2017 until August 2019, when he was replaced with Nina Angelovska. His signature attempt to raise taxes and...

Economy 10.09.20 | 15:01

Finance Minister Besimi, IMF officials discuss COVID-19 crisis, economic growth in online meeting

Finance Minister Fatmir Besimi in his first online meeting with IMF Mission Chief to Macedonia, Bergljot Bjornson Barkbu and IMF Resident Representative of the Western Balkans, Stephanie Eble discussed the COVID-19 crisis and its impact on the Macedonian economy. Talks also focused on the series of measures...

Economy 22.04.20 | 13:37

IMF predicts 4 percent drop in Macedonian economy

The International Monetary Fund in its latest report on the country predicts a 4 percent decline in the Macedonian economy. According to the IMF, the key to this situation is the coronavirus pandemic, as well as the possible spillover effects of the global recession on the country. The economic situation...

Economy 11.04.20 | 13:55

IMF approves 176 million EUR loan for Macedonia

The International Monetary Fund approved the a 176 million EUR loan for Macedonia in light of the coronavirus epidemic and its blow to the economy. IMF sees a 4 percent GDP drop in 2020, caused by the forced shut down of entire segments of the economy and the greatly reduced demand. “North”...

Economy 03.04.20 | 23:00

IMF loans 175.2 million EUR to Macedonia

The International Monetary Fund agreed to provide 175.2 millon EUR in loans to Macedonia, to help keep up the balance of payments during the coronavirus epidemic. The Macedonian Government said it will instruct the Finance Ministry to work with the Central Bank to implement the IMF loan.

Economy 13.11.19 | 22:07

VMRO leadership announces urgent economic reforms during meeting with regional IMF representatives

VMRO-DPMNE President Hristijan Mickoski met with a delegation from the IMF, led by the Stephanie EBle, head of the newly founded Western Balkan IMF office, and Bergljot Barkbu who leads the Macedonian office. The opposition party discussed the political and economic situation in Macedonia with the IMF...

Economy 17.10.19 | 11:05

IMF revises Macedonian economy growth rate to 3,2%

The International Monetary Fund (IMF) revised the growth rate of the Macedonian economy in 2019 to 3,2%, a 0,2% upgrade from the April outlook. The IMF expects growth of 3.4 percent next year and 3.5 percent by 2024. Of the countries in the region this year highest growth is expected in Kosovo –...

Economy 06.02.19 | 23:51

IMF: Macedonia to pay high price for the new increase in the minimum wage

The new increase in the minimum wage in Macedonia as a legal obligation can affect the increase in youth unemployment, warns the International Monetary Fund (IMF) in a separate analysis of the minimum wage in the country. It states that Macedonia can pay a high price from further ad hoc increase in the...