Montenegro: Staff Report for the 2012 Article IV Consultation

May 23, 2012

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Format: Chicago

Montenegro: Staff Report for the 2012 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed November 23, 2024

Summary

This 2012 Article IV Consultation highlights that three years after the sudden end of Montenegro’s boom, there has been considerable progress toward recovery. Fiscal imbalances have proved difficult to rein in, reflecting a large fall in revenue after the collapse of the boom. Executive Directors have commended the authorities’ efforts to stabilize the economy, and welcomed the progress made since the financial crisis. Directors have also recognized the sizable public expenditure adjustment over the past few years, but underscored the need for further high-quality deficit reducing measures.

Subject: Banking, Expenditure, Financial institutions, Fiscal policy, Labor, Labor markets, Loan guarantees, Personal income, Public debt

Keywords: Commercial bank loan, CR, Deficit, Europe, Financing risk, Global, IMF staff representative, ISCR, Labor markets, Loan guarantees, Privatization contract, Staff appraisal

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/122
Stock No:

1MNEEA2012001
ISBN:

9781475503876
ISSN:

1934-7685

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