Transparency International: Macedonian government has no mechanisms to protect against theft of money coming from the IMF


According to a report by Transparency International published on August 5th, Macedonia has no anti-corruption measures for the assistance it received from the IMF in dealing with the COVID-19 crisis.

Macedonia is one of the 21 countries that did not list any specific anti-corruption and transparency measures in the agreements with the International Monetary Fund (IMF) for financial assistance to deal with the consequences of COVID-19, according to Transparency International in the analysis of the crisis funds of the IMF. According to Transparency, Macedonia is currently using $ 191m from the IMF to deal with the effects of the pandemic, of which 176 were received in April through the Instrument for Rapid Financing.

Without any set protocols, Macedonia is in a group of countries with Madagascar, Yemen, Guinea Bissau, Burkina Faso, Chile, Costa Rica and El Salvador, but also with all countries in the region that have received such assistance from the IMF – Albania, Bosnia and Herzegovina and Kosovo, and Montenegro is the only country that has specified concrete measures in the agreement for greater transparency and prevention of corruption in the spending of aid money.

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