Montenegro: Request for Purchase under the Rapid Financing Instrument; Press Release; Staff Report; and Statement by the Executive Director for Montenegro

June 25, 2020

Preview Citation

Format: Chicago

Montenegro: Request for Purchase under the Rapid Financing Instrument; Press Release; Staff Report; and Statement by the Executive Director for Montenegro, (USA: International Monetary Fund, 2020) accessed December 21, 2024

Summary

The COVID-19 pandemic will hit Montenegro hard, as tourism is a key industry. Fiscal space has eroded in recent years due to large public capital outlays, and the COVID-19 crisis is creating new budgetary strains as health spending and other expenditures rise, while the economic contraction lowers revenues.

Subject: Banking, Capital spending, COVID-19, Economic sectors, Expenditure, External debt, Financial sector, Fiscal policy, Fiscal stance, Health, Public debt, Tourism

Keywords: Assistance, Capital spending, COVID-19, CR, Emergency financing request, Executive Board discussion, Financial sector, Financing, Financing gap, Fiscal stance, Global, IMF lending tracker, ISCR, Liquidity withdrawal requirement rate, Tourism

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/210
Stock No:

1MNEEA2020002
ISBN:

9781513548661
ISSN:

1934-7685

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