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IMF Reaches Staff-Level Agreement with Republic of North Macedonia Under Precautionary and Liquidity Line

IMF Reaches Staff-Level Agreement with Republic of North Macedonia Under Precautionary and Liquidity Line
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United States , Bergljot Barkbu , National Bank , International Monetary Fund , Imf Team , North Macedonia Reach Staff Level Agreement , Liquidity Line , North Macedonia , Upon Board , Organic Budget Law , Financial Stability Law ,

Maastricht values | VOX, CEPR Policy Portal

Agnès Bénassy-Quéré
The Maastricht fiscal architecture relies on limits on debt and the general government deficit. The reference values used are 3% for the deficit and 60% for the debt, both in terms of GDP. These reference values are not specified in the body of the Treaty. Instead, they are defined in an annexed Protocol. The expression “reference values” is used six times when defining the two criteria to be used by the European Commission when monitoring developments of public finances, with a view to identifying “gross errors” in the conduct of fiscal policy. These two reference values have no solid ground in either theory or empirical evidence. No such a claim was made at the time (or ever). ....

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Resolving health crisis short-term priority for N. Macedonia

Resolving health crisis short-term priority for N. Macedonia - IMF
IMF/Creative Commons
SKOPJE (North Macedonia), May 19 (SeeNews) - North Macedonia should prioritise resolving the health crisis in the near term through actions that will help revive growth, spur job creation and protect the vulnerable, the International Monetary Fund said on Wednesday.
Based on the government s current support measures, including the wage subsidy, investment incentives, and liquidity support to firms, the IMG projects fiscal deficit equivalent to 5.4% of GDP in 2021, the IMF said in a statement. The statement was issued after the end of the virtual discussions between an IMF team and North Macedonia s authorities held during May 6-17 that were focused on recent economic developments and policies. ....

Macedonia General , Bergljot Barkbu , International Monetary Fund , North Macedonia , மாசிடோனியா ஜநரல் , சர்வதேச பண நிதி , வடக்கு மாசிடோனியா ,