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Former Yugoslav Republic of Macedonia: Selected Issues

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  • International Monetary Fund

Abstract

This paper asks 1) whether reliance on Eurobond financing over the medium term is consistent with sound debt management policy and 2) whether Macedonia can reasonably expect Eurobond borrowing costs to fall in the future. The main conclusions are that Eurobond financing appears justified in the near term but over a longer horizon, the country should seek to develop domestic debt markets as a complementary funding source. For 2011–12, the government plans to fully finance its fiscal deficits though Eurobond issues.

Suggested Citation

  • International Monetary Fund, 2011. "Former Yugoslav Republic of Macedonia: Selected Issues," IMF Staff Country Reports 2011/033, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/033
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    1. Alexander F. Tieman, 2011. "The Electricity Sector in FYR Macedonia," IMF Working Papers 2011/030, International Monetary Fund.
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