N. Macedonia gov't approves request to IMF for 530 mln euro deal under PLL

In October, the IMF and North Macedonia reached a staff-level agreement on a 24-month 530 million euro arrangement under the PLL.

The PLL provides financing to meet actual or potential balance of payments needs of countries with sound policies and that may have some remaining vulnerabilities. It is intended to serve as a backstop or help resolve crises under wide-ranging situations, according to the IMF.

($ = 1.023 euro)