SKOPJE, Macedonia (AP) — Macedonia has requested a credit line worth €480 million over two years from the International Monetary Fund, the fund said Wednesday — seeking a safety net in the midst of Europe's debt crisis and bond-market turmoil.
IMF Managing Director Dominique Strauss-Kahn said Wednesday he will "rapidly" seek approval of the request from the fund's executive board.
Macedonia's conservative government says it will use the money to support the budget and capital investments. It expects the economy to grow 2 percent this year and 3.5 percent in 2011.
The former Yugoslav republic dipped in recession in 2009 with unemployment hovering around a staggering 30 …
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