Macedonia does not need IMF loan deputy C-bank governor.

By bne IntelliNews June 9, 2010
At present and in the long run, Macedonia does not need to sign a new arrangement with the International Monetary Fund, the vice governor of the country's central bank, Dimitar Bogov, was quoted by local media as saying. According to the official, IMF loans are sought by countries that have encountered problems in either the balance of payment or fiscal spheres. At present, the Macedonian economy does not face significant problems, he underlined. The Macedonian government has expressed plans to issue a eurobond this year to raise between EUR 175mn and EUR 250mn to refinance its foreign debt and support efforts to cut its deficit. The IMF said last month that Macedonia's economy appears to be recovering, with a growth of about 2.0% likely in 2010.

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