IMF sets five priorities for FYROM

IMF sets five priorities for FYROM

Skopje, March 10, 2015/Independent Balkan News Agency

By Naser Pajaziti

International Monetary Fund (IMF) has published a report in relation to the economic and social trends in FYR Macedonia, stressing that this country must address five priorities.

The report is part of the so called “West Balkan-15 years of economic transition” IMF plan. As far as FYROM is concerned, the country is required to focus on infrastructure, technological improvements, the development of financial market, health sector and education. These areas are considered as the five most important areas for the development of the country.

IMF calls on FYROM to finalize the process of reforms, transition of economic market, by laying strong foundations in the aspect of economic and financial stability. But, in contrast to other West Balkan countries, FYROM and Montenegro are behind in comparison to the countries which have become EU members in the recent years.

“These countries must enable macro-economic stability and they must intensify structural reforms. Budget deficit and public debt must be tackled. A very important segment is investing in sectors that increase export and on banking lending policies””, says the report, demanding more attention on the growth of competition and improvement in other domains. /ibna/