01828cas a2200241 a 4500 AALejournalIMF014259 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475570809 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Yugoslav Republic of Macedonia : Second Post-Program Monitoring Discussions. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (48 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews the key points of Second Post-Program Monitoring Discussions with the Former Yugoslav Republic of Macedonia (FYR Macedonia). Growth in FYR Macedonia continues to strengthen, although the recovery is not yet broad-based. External and fiscal vulnerabilities have risen: private non-debt-creating capital flows have slowed and could leave the reserve path increasingly driven by an accumulation of external public debt. Central government debt has increased by about 15 percentage points since the beginning of the global financial crisis, in the context of growing broader public sector operations. In the absence of domestic spillovers, the structural improvement in the trade deficit will be gradual, and growth could be uneven. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/062 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/062/002.2014.issue-062-en.xml IMF e-Library