10th September 2020, Skopje – Minister of Finance, Fatmir Besimi, together with the Ministry’s team, and the IMF representatives, Bergljot Bjornson Barkbu, Head of the IMF Mission to the Republic of North Macedonia, and Stephanie Eble, IMF Resident Representative for Western Balkan, had the first official on-line meeting today. Covid-19 crisis and its impact on the Macedonian economy, the undertaken set of measures and the new set of measures, at the moment being in process of preparation in cooperation with all actors in the economy, as well as in consultations with both the World Bank and the IMF, were the topics of discussion at the meeting.
“Main priority will be to mitigate the effects of Covid-19 crisis and to provide solid basis for recovery of the economy, thereby maintaining the macroeconomic stability. Work of the institutions and realization of the planned projects for the respective year will be monitored and accordingly the allocation of funds for the next year will be determined. Focus will be also put on attracting financial resources to our economy from external sources of financing, as well as considering the possibilities for mobilizing free financial resources from the domestic financial market, thus, in coordination with the National Bank, maintaining both the financial and the monetary stability of the economy”, Besimi pointed out.
The Minister underlined that, should the policies be successfully implemented, also supported by the Euro-Atlantic integrations which have the effect of a catalyst for growth, he expects for average growth to double in the coming years, meaning that the psychological barrier for growth of more than 4% could be overcome in the most successful years.
Head of the IMF Mission wished the Minister of Finance success in his office. IMF pointed out that they continuously monitored the developments of the Macedonian economy, as well as that they would continue supporting us within their possibilities as they previously provided assistance under the Rapid Financing Instrument in the amount of EUR 176.5 million.