Dimitrieska-Koçoska met with the Deputy Director of the IMF, confirming commitment to reforms and fiscal policy that will bring stability.

Finance Minister Dimitrieska-Koçoska Discusses Fiscal Strategy with IMF Official

Washington, D.C. – During the recent Spring Meetings of the International Monetary Fund (IMF) and World Bank, Finance Minister Gordana Dimitrieska-Koçoska met with Deputy Director General Bo Li to discuss North Macedonia’s economic strategy. The meeting focused on the government’s ongoing commitment to fiscal consolidation and reducing the budget deficit.

Minister Dimitrieska-Koçoska emphasized the government’s plan to achieve a budget deficit below 3% over the medium term. This strategy involves a gradual approach to fiscal consolidation while simultaneously supporting economic growth through strategic capital expenditure within the national budget. “The Government and the Ministry of Finance remain firmly committed to defining gradual fiscal consolidation and simultaneously supporting economic growth through high capital expenditure in the budget,” Dimitrieska-Koçoska stated.

She highlighted the importance of maintaining stability in public finances, particularly in light of current international economic conditions and the specific challenges faced by small, open economies like North Macedonia. The IMF acknowledged this dedication, praising the government’s approach. The discussion underscored the continued collaboration between North Macedonia and the IMF as the country navigates economic challenges.

Topics: #imf #fiscal #dimitrieska