IMF justifies Macedonia's higher budget spending.

By bne IntelliNews May 12, 2010
The IMF mission, currently visiting Macedonia, justified the increased budget spending despite the crisis, saying that it is most important to keep the budget balance healthy. The IMF advised the private sector to work harder for the countrys economic growth and also suggested stricter banking supervision. The IMF also said it did not expect the Greek crisis to have a significant effect over the Macedonian economy although there are several Greek banks in the country because they are operating with domestic resources. The IMF had forecast an economic recovery for the country in 2010 with expected GDP growth of 2% y/y.

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335