Sunday, May 27, 2007

Macedonia will cover it’s duties to IMF

Skopje. Macedonia will pay all of its due payments to the International Monetary Fund (IMF). The due sum amounts to USD 51,7 million. The decision was taken during the last government session, the Macedonian newspaper Nova Makedonija writes today.
Covering the due payments ahead of schedule and deciding to pay in advance Macedonia’s debts to the Paris Club, part of the country’s debts to the World Bank and the European Investment Bank, the foreign debt of the country will decrease by USD 292 million, the Prime Minister Nikola Gruevski said in a statement at a news conference.
He specifies that this cabinet’s decision will save the state USD 9,4 million.
The rest USD 51,7 million will be covered with funds from the National Monetary Reserve.

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