Montenegro: 2011 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro

May 6, 2011

Preview Citation

Format: Chicago

Montenegro: 2011 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro, (USA: International Monetary Fund, 2011) accessed December 27, 2024

Summary

Since its independence in 2006, Montenegro has experienced an economic and financial roller coaster ride. The baseline is predicated on continued improvements in cost competitiveness and productivity-raising foreign direct investment (FDI). Avoiding a relapse into recession will thus require strengthening the health of the banking system and removing impediments to restructuring the economy. Montenegro’s attractiveness to investors will depend on reducing macroeconomic and structural vulnerabilities. The business environment needs to be further improved. Redressing solvency issues and improving liquidity were jointly seen as priority tasks.

Subject: Banking, Commercial banks, Credit, Economic and financial statistics, Financial institutions, Government finance statistics, Income, Money, National accounts, Personal income

Keywords: Authorities of Montenegro, Authority, Commercial banks, CR, Credit, Europe, Fund team, Global, Government finance statistics, Income, ISCR, Personal income, Policy effort, Staff, Staff recommendation, Swift response

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/100
Stock No:

1MNEEA2011001
ISBN:

9781455272488
ISSN:

1934-7685

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