Skopje, 18 November 2021 (MIA) – Price stability and financial stability is a precondition for economic development, opening room for other policymakers to implement structural reforms paving the way for stable and long-term economic growth, concluded National Bank Governor Anita Angelovska-Bezhoska and EBRD Head in North Macedonia, Andi Aranitasi. “Successful functioning of the National Bank is key for the Macedonian economy, proven since the outbreak of the corona-crisis that the capacity built by the National Bank has helped the institution to act on time efficiently to support the economy in tackling the crisis. The EBRD through its projects provides additional support for the creation of favorable conditions for economic recovery,” said the National Bank in a press release. The interlocutors also discussed the National Bank’s views on the state of the economy according to the projections. Also, it was reaffirmed that the EBRD will continue its support for the Macedonian economy through several forms of credit support to the corporate sector. During the meeting, Governor Angelovska-Bezhoska reiterated the latest macroeconomic projections saying that economic activity in 2021 and 2022 will grow with an identical growth rate of 3.9 gradually reaching a 4% growth in the medium-term. “The EBRD, which is present in the Republic of North Macedonia for a long time, focuses its activities mainly on strengthening the competitiveness of the Macedonian economy and strengthening regional integration and alignment with EU standards,” said the press release among other things.