Macedonia, former Yugoslav Republic of policy-based guarantee : supporting the development agenda and strengthening access to capital markets (English)

The ongoing global economic turmoil is seriously impeding client countries’ access to capital markets, with relatively little regard for the fundamentals of the countries involved. Growing risk aversion among investors has triggered a ‘flight-to-quality’ that is affecting all but the safest assets (AAA-rated). Small, open, and developing economies in Europe and Central Asia, including FYR Macedonia, are being exceptionally hurt. Despite its history...
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Najdov,Evgenij.

Macedonia, former Yugoslav Republic of policy-based guarantee : supporting the development agenda and strengthening access to capital markets (English). Europe and Central Asia knowledge brief ; issue no. 60 Washington D.C. : The Worldbank. http://documents.worldbank.org/curated/en/749061468271526075

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