The Former Yugoslav Republic (FYR) of Macedonia is an upper middle-income country that has made great strides in reforming its economy over the last decade. More efforts are still needed to generate economic growth and improve living standards for all.
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Since 1995, the World Bank has provided knowledge and financed 61 projects in Macedonia with more than $1 billion, including budget support. The current portfolio consists of six investment projects under implementation worth US$ 280 million.