Macedonia - speaking of the IMF

macedonia is one of those countries that has tied itself to imf, world bank, and other donor monies... unfortunately, given the mess their government is in, they may not have any other choice... the imf, for their part, isn't shoving any sunshine up macedonia's dress...

[P]oorly functioning institutions - restrictive labor market regulations, inefficient state institutions and dysfunctional courts - have undermined business activity directly and kept per capita FDI [Foreign Direct Investment] low, even by regional standards. [Note: Regional standards are pretty damn low.] The resulting weak competitiveness has led to disappointing growth, high unemployment, and a persistent current account deficit. The restrictive business climate has also created a large informal sector [gray/black market].

"weak competitiveness..." ~sigh~ i've spent the past two years, off and on, working for a competitiveness project in macedonia...

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