IMF Staff Country Reports

Germany: Selected Issues

July 20, 2022

Download PDF Order a Print Copy
Order a Print Copy

Preview Citation

Format: Chicago

Germany: Selected Issues, (USA: International Monetary Fund, 2022) accessed November 13, 2024

Summary

This Technical Assistance Report on Montenegro highlights Public Investment Management Assessment. Due to the importance of the tourism sector, the pandemic has had a deep economic impact. In addition, as government debt already exceeds one hundred percent of gross domestic product, fiscal space to increase public investment is limited. In this context, a strengthened public investment management (PIM) framework would contribute to maximize its impact on economic growth. Recent trends in capital expenditures and capital stock signal that there is room for improving the efficiency of public investments in Montenegro. The authorities have introduced several reforms in recent years to strengthen the PIM framework. Through the reform efforts, Montenegro has developed a stronger PIM framework but there is still room for improvement. Notwithstanding these efforts, there is significant room to strengthen public investment management in Montenegro. IMF estimates indicate that there is an efficiency gap of 35 percent. Public investment could better support the economic recovery if specific actions are taken to improve the PIM framework.

Subject: Expenditure, Financial regulation and supervision, International organization, Monetary policy, National accounts, Prices

Keywords: D.c, Asia and Pacific, C. GDP, Consumption, Energy prices, Energy pricing, Europe, Fuel prices, Gas shortage scenario, Gas shutoff scenario, GDP impact, Inflation, International Monetary Fund Washington, Operational risk

Publication Details

  • Pages:

    33

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2022/230

  • Stock No:

    1DEUEA2022002

  • ISBN:

    9798400216688

  • ISSN:

    1934-7685

You May Also Be Interested In...

Central Bank Digital Currency: Progress And Further Considerations

November 8, 2024

Colombia: Technical Assistance Report-Report of the Diagnostic Mission on Macro-relevant Climate Change Statistics (July 17–21, 2023)

November 8, 2024

Vietnam: Technical Assistance Report-Report on Residential Property Price Index Mission (April 22-26, 2024)

November 8, 2024

Republic of Tajikistan: Technical Assistance Report-Public Investment Management Assessment with the Climate Module

November 8, 2024