This web page provides information on the activities of the Office, views of the IMF staff, and the relations between the Republic of North Macedonia and the IMF. Additional information can be found on the Republic of North Macedonia country page, including official IMF reports and Executive Board documents in English that deal with the Republic of North Macedonia. 

This office is part of the Regional Office for the Western Balkans.

Republic of North Macedonia

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At a Glance

  • Current IMF membership: 191 countries
  • Republic of North Macedonia joined the Fund on December 14, 1992; Article VIII
  • Quota: SDR 140.3 million
  • Financial Position in the Fund
  • The 2025 Article IV Consultation was discussed by the Executive Board on April 29, 2025

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Office Activities

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IMF’s Work on the Republic of North Macedonia

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Regional Economic Outlook

April 25, 2025

The global economy is undergoing substantial changes, driven by fundamental shifts in trade policies. This comes at a time of deep structural transformations related to aging populations, high energy costs, and technological change. Europe’s economy is affected by these developments as it has only now begun to recover from recent shocks, its public spending needs are rising, public debt is high, and medium-term growth prospects are weak. The April 2025 outlook presents a downgrade in growth rates for the region, alongside a faster approach of inflation to targets. Risks to the outlook are to the downside and relate to a worsening of trade disputes and uncertainty. To navigate these turbulent times, Europe must prioritize the preservation of openness, manage the impact of policy shocks and market volatility through balanced macroeconomic policies, and complete its single market while addressing national growth reforms. The potential benefits of these actions could be substantial.
Read the Report