IMF Staff Country Reports

Republic of North Macedonia: Request for an Arrangement under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Republic of North Macedonia

Publication Date:

November 29, 2022

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

North Macedonia's economy has been hit by two large external shocks. While recovering from the pandemic, the outlook deteriorated again following Russia's invasion of Ukraine and sharply rising energy and food prices. Given high dependence on energy imports, the external financing need has increased, while at the same time, global financial conditions have tightened, increasing the cost of market financing.

Series:

Country Report No. 2022/354

Subject:

Energy prices External debt Inflation International organization Monetary policy Prices Public debt Tariffs Taxes

Frequency:

regular