Germany: Selected Issues

July 20, 2022

Preview Citation

Format: Chicago

Germany: Selected Issues, (USA: International Monetary Fund, 2022) accessed December 24, 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:

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DOI:

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Issue:

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Series:

Country Report No. 2022/230
Stock No:

1DEUEA2022002
ISBN:

9798400216688
ISSN:

1934-7685

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