Zaev-Zhang: Macedonia's economy moving in the right direction

Zaev-Zhang: Macedonia's economy moving in the right direction
Positive developments are happening in Macedonia, there is fiscal stability and reforms are being implemented to strengthen the capacities of the institutions, Prime Minister Zoran Zaev and Deputy Managing Director of the International Monetary Fund (IMF), Tao Zhang concluded at their meeting Thursday in Skopje.

At the meeting, Zaev was accompanied by Finance Minister Dragan Tevdovski and National Bank Governor Dimitar Bogov, whereas Zhang was joined by Richard Doornbosch, IMF Alternate Executive Director, and Jesmin Rahman, IMF Mission Chief for Macedonia, the government said in a press release.

"We are committed to maintaining fiscal stability in the country, and the reform processes enabling effective fight against corruption, aimed at attracting foreign investments and providing support to the private sector so as to create a stable climate for investments are expected to result in economic growth," Zaev said.

Capital investments, investments in infrastructure and the energy sector were pinpointed as having major importance in prompting businessmen to invest in Macedonia.

It could contribute to the desired economic progress of the country, it was concluded.

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