FYR Macedonia will withdraw 220 million euros of open credit line from the International Monetary Fund

Balkan Business News Correspondent - 24.03.2011
As informed by FYR Macedonia's Vice Premier and Finance minsiter Stavreski, the Government has notified the Fund of the decision to withdraw funds from the approved credit line amounting to 390 million euros earlier this year. The FYR Macedonian government announced that the decision was made based on changed circumstances in the area before the political situation and a certain early elections and the need to delay the issuance of evroobvrnicata in such circumstances and in terms of responsible behavior on the government to anticipating these events and take measures to ensure sufficient funds for the regular budget execution in the coming months during the electoral process, Minister of Finance. He added that he is withdrawing the whole amount of the approved credit line of 390 million euros, confirming that she used to overcome this period when there is an unexpected event. Period which also has risks associated with the ability to get out of the Eurobond market and can not wait to dissolve parliament and government to function as technical. source; Government