Macedonia Fiscal and PFM PBG (WB-P149794)

  • Macedonia
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
FYR Macedonia
The holder of the loan, grant, or other investment.
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 70.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 70.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 13, 2019

Disclosed by Bank Sep 20, 2018

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Project Description

According to Bank documents, the objective of the program is to support policy reforms that aim to improve (i) public finance efficiency and (ii) private sector competition. These reforms substantiate the government Fiscal Strategy 2019-2021 by helping the authorities design fiscal measures that will not only achieve the debt stabilizing levels but ensure the social protection of the vulnerable. It also strengthens the market competition and reduces the cost of doing business.

Investment Description
  • World Bank (WB)
Contact Information

Project Contact: Sanja Madzarevic Sujster
Senior Economist, World Bank
Telephone No.: (1) 202 8484 808
Email Address:

Borrower/Client: Mr Dragan Tevdovski
Minister of Finance
Telephone No.: (389) 2 3255-300
Email Address:

Implementing Agency: Ministry of Finance
Mr Rilind Kabashi, State Secretary
Tel: (389) 2 3255-300
Email Address:


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