This web page provides information on the activities of the Office, views of the IMF staff, and the relations between the Republic of North Macedonia and the IMF. Additional information can be found on the Republic of North Macedonia country page, including official IMF reports and Executive Board documents in English that deal with the Republic of North Macedonia.
This office is part of the Regional Office for the Western Balkans.
At a Glance
- Current IMF membership: 190 countries
- Republic of North Macedonia joined the Fund on December 14, 1992; Article VIII
- Quota: SDR 140.3 million
- Financial Position in the Fund
- The 2023 Article IV Consultation a was discussed by the Executive Board on January 19, 2024
Office Activities
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Inflation Dynamics in the Western Balkans
March 3, 2023
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The Future of PPPs in the Western Balkans
February 10, 2023
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Interview with Mission Chief Bergljot Barkbu on TV 24
An interview with MKD Mission Chief - Bergljot Barkbu.
November 1, 2022
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IMF Team and Authorities of the Republic of North Macedonia Reach Staff-Level Agreement on a 24-Month €530 million Arrangement under the Precautionary and Liquidity Line (PLL).
October 10, 2022
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February 16, 2022
IMF’s Work on the Republic of North Macedonia
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Central Bank Independence: Why It’s Needed and How to Protect It
June 14, 2024
While many central banks worldwide are under pressure, it remains clear that independence pays off in the long run. For many central banks, there is room to improve independence, and the IMF offers tailored tools that are used by central banks worldwide to strengthen independence, and ultimately policy credibility.
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January 26, 2024
Series:Country Report No. 2024/026
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Republic of North Macedonia: Selected Issues
January 26, 2024
Series:Country Report No. 2024/027
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January 19, 2024
The completion of the review gives the authorities access to SDR161.35 million (equivalent to about €200 million at current exchange rates or 115 percent of quota.) The authorities intend to draw SDR 119.26 million (or 85 percent of quota) and consider the remaining amount as precautionary insurance against external shocks.
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November 14, 2023
An International Monetary Fund (IMF) mission, led by Mr. Jacques Miniane, visited Skopje during October 31–November 13, 2023, to discuss economic and financial policies in the context of the first review of the Precautionary and Liquidity Line (PLL) and the 2023 Article IV consultation with North Macedonia.
Regional Economic Outlook
April 19, 2024
A soft landing for Europe’s economies is within reach. Securing the baseline of growth with price stability will require careful monetary policy calibration. Faster fiscal consolidation would ensure buffers are adequate to tackle future shocks, while structural fiscal reforms would help address mounting long-term expenditure pressures. Beyond the near-term recovery, raising potential growth prospects calls for efforts at both the domestic and European levels. Measures should aim to raise labor force participation, prepare the workforce for looming structural shifts, set an enabling environment for private investment, and promote innovation on a level European playing field—especially when it comes to the green transition, including through a strong commitment to carbon pricing. Greater European integration would amplify the effect of these reforms. Formulating an ambitious set of growth-enhancing reforms should be a key priority of a new EU commission.
Read the Report