Montenegro: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Montenegro
IMF Staff Country Reports, September 14, 2017
Source details
- Canonical URL
- Montenegro: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Montenegro
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Bibliographic details
- Published: September 14, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484319017.002
Growth outlook and drivers
- Montenegro’s economy continues to grow at a moderate pace.
- Growth is expected to continue over the medium term, boosted by the implementation of large investment projects, including the construction of the Bar–Boljare Highway.
- IMF staff projection: economy to expand by 3 percent in 2017 and 2.75 percent in 2018.
- Planned fiscal consolidation is expected to act as a moderate drag on growth.
Banking sector assessment
- Conditions in the banking sector continue to strengthen, with improving asset quality and recovering credit growth.
- Nonperforming loans remain elevated.
- The banking sector appears to be over-banked, presenting a challenge for bank profitability.
Fiscal policy and public finance
- The report highlights planned fiscal consolidation as a policy stance that will moderate growth.
- Public debt, revenue administration, capital spending, and expenditure are listed as focal subjects of the consultation.
Key statistics and publication metadata (as stated in the source)
- IMF staff growth projections: 3 percent (2017); 2.75 percent (2018).
Montenegro: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Montenegro
Content in this bundle
- Country Report