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IMF Executive Board Approves US$ 83.7 Million in Emergency Support to Montenegro to Combat COVID-19 Pandemic

IMF Executive Board Approves US$ 83.7 Million in Emergency Support to Montenegro to Combat COVID-19 Pandemic »

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

Volume/Issue: 192020/210

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 June 2020

ISBN: 9781513548661

Keywords: Rapid Financing Instrument (RFI), Fiscal sector, Public debt, Banking systems, Financial markets, Debt sustainability, ISCR, CR, Eurobond, finance gap

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 a...

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

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

Volume/Issue: 192020/210

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 June 2020

DOI: http://dx.doi.org/10.5089/9781513548661.002

ISBN: 9781513548661

Keywords: Rapid Financing Instrument (RFI), Fiscal sector, Public debt, Banking systems, Financial markets, Debt sustainability, ISCR, CR, Eurobond, finance gap

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 a...

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

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

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

Volume/Issue: 192020/210

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 June 2020

ISBN: 9781513548661

Keywords: Rapid Financing Instrument (RFI), Fiscal sector, Public debt, Banking systems, Financial markets, Debt sustainability, ISCR, CR, Eurobond, finance gap

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 a...

Statement by Mr. Anthony De Lannoy, Executive Director for Montenegro and Mr. Liviu Voinea, Senior Advisor to the June 24, 2020

Statement by Mr. Anthony De Lannoy, Executive Director for Montenegro and Mr. Liviu Voinea, Senior Advisor to the June 24, 2020 »

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

Volume/Issue: 192020/210

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 June 2020

ISBN: 9781513548661

Keywords: Rapid Financing Instrument (RFI), Fiscal sector, Public debt, Banking systems, Financial markets, Debt sustainability, ISCR, CR, Eurobond, finance gap

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 a...

Montenegro
			: Technical Assistance Report-Report on External Sector Statistics Mission

Montenegro : Technical Assistance Report-Report on External Sector Statistics Mission »

Volume/Issue: 192020/166

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2020

DOI: http://dx.doi.org/10.5089/9781513544304.002

ISBN: 9781513544304

Keywords: Monetary statistics, Financial statistics, Balance of payments, Interest rates on loans, Exchange rate policy, ISCR, CR, IIP, CBM, RDT

The IMF's Statistics Department (STA) conducted a technical assistance mission to support the Central Bank of Montenegro (CBM) for the compilation of external sector statistics in Montenegro during January 20-31, 2...

Montenegro

Montenegro »

Source: Montenegro : Technical Assistance Report-Report on External Sector Statistics Mission

Volume/Issue: 192020/166

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2020

ISBN: 9781513544304

Keywords: Monetary statistics, Financial statistics, Balance of payments, Interest rates on loans, Exchange rate policy, ISCR, CR, IIP, CBM, RDT

The IMF's Statistics Department (STA) conducted a technical assistance mission to support the Central Bank of Montenegro (CBM) for the compilation of external sector statistics in Montenegro during January 20-31, 2...

IMF Executive Board Concludes 2019 Article IV Consultation with Montenegro

IMF Executive Board Concludes 2019 Article IV Consultation with Montenegro »

Source: Montenegro : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2019/293

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 September 2019

ISBN: 9781513513720

Keywords: Economic indicators, Fiscal sector, Balance of payments, Economic growth, Macroprudential policies and financial stability, ISCR, CR, CBM, government debt, medium-term

This 2019 Article IV Consultation with Montenegro highlights that while the implementation of large publicly financed infrastructure projects has added economic growth, the accompanying use of fiscal resources has...

Montenegro
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Montenegro : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro »

Volume/Issue: 2019/293

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 September 2019

DOI: http://dx.doi.org/10.5089/9781513513720.002

ISBN: 9781513513720

Keywords: Economic indicators, Fiscal sector, Balance of payments, Economic growth, Macroprudential policies and financial stability, ISCR, CR, CBM, government debt, medium-term

This 2019 Article IV Consultation with Montenegro highlights that while the implementation of large publicly financed infrastructure projects has added economic growth, the accompanying use of fiscal resources has...

Montenegro: 2019 Article IV Consultation—Press Release, Staff Report, and Statement by the Executive Director for Montenegro

Montenegro: 2019 Article IV Consultation—Press Release, Staff Report, and Statement by the Executive Director for Montenegro »

Source: Montenegro : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2019/293

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 September 2019

ISBN: 9781513513720

Keywords: Economic indicators, Fiscal sector, Balance of payments, Economic growth, Macroprudential policies and financial stability, ISCR, CR, CBM, government debt, medium-term

This 2019 Article IV Consultation with Montenegro highlights that while the implementation of large publicly financed infrastructure projects has added economic growth, the accompanying use of fiscal resources has...

Montenegro: Staff Report for the 2019 Article IV Consultation—Informational Annex

Montenegro: Staff Report for the 2019 Article IV Consultation—Informational Annex »

Source: Montenegro : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2019/293

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 September 2019

ISBN: 9781513513720

Keywords: Economic indicators, Fiscal sector, Balance of payments, Economic growth, Macroprudential policies and financial stability, ISCR, CR, CBM, government debt, medium-term

This 2019 Article IV Consultation with Montenegro highlights that while the implementation of large publicly financed infrastructure projects has added economic growth, the accompanying use of fiscal resources has...

Statement by Mr. Richard Doornbosch, Alternate Executive Director for Montenegro and Mr. Miroslav Josic, Advisor to the Executive Director September 6, 2019

Statement by Mr. Richard Doornbosch, Alternate Executive Director for Montenegro and Mr. Miroslav Josic, Advisor to the Executive Director September 6, 2019 »

Source: Montenegro : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2019/293

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 September 2019

ISBN: 9781513513720

Keywords: Economic indicators, Fiscal sector, Balance of payments, Economic growth, Macroprudential policies and financial stability, ISCR, CR, CBM, government debt, medium-term

This 2019 Article IV Consultation with Montenegro highlights that while the implementation of large publicly financed infrastructure projects has added economic growth, the accompanying use of fiscal resources has...

Montenegro
			: Technical Assistance Report-Report on the Monetary and Financial Statistics Mission

Montenegro : Technical Assistance Report-Report on the Monetary and Financial Statistics Mission »

Volume/Issue: 2019/254

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2019

DOI: http://dx.doi.org/10.5089/9781513509334.002

ISBN: 9781513509334

Keywords: Monetary statistics, Financial institutions, Macroprudential policies and financial stability, Financial systems, Financial statistics, OFCs, COA, counterparty, source data, STA

This Technical Assistance Report on Montenegro highlights work of the mission with the authorities which included compiling monetary data based on the IMF standardized report forms (SRF), 1SR, and SRF 2SR, for depo...

Montenegro

Montenegro »

Source: Montenegro : Technical Assistance Report-Report on the Monetary and Financial Statistics Mission

Volume/Issue: 2019/254

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2019

ISBN: 9781513509334

Keywords: Monetary statistics, Financial institutions, Macroprudential policies and financial stability, Financial systems, Financial statistics, OFCs, COA, counterparty, source data, STA

This Technical Assistance Report on Montenegro highlights work of the mission with the authorities which included compiling monetary data based on the IMF standardized report forms (SRF), 1SR, and SRF 2SR, for depo...

Montenegro
			: Technical Assistance Report-Financial Soundness Indicators Mission (November 29 - December 5, 2017)

Montenegro : Technical Assistance Report-Financial Soundness Indicators Mission (November 29 - December 5, 2017) »

Volume/Issue: 2019/77

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 March 2019

DOI: http://dx.doi.org/10.5089/9781498303101.002

ISBN: 9781498303101

Keywords: External sector statistics, Systemic risk assessment, Insurance companies investments, Financial statistics, Pension funds, FSI, DTs, source data, CBM, FSD

This Technical Assistance (TA) report focuses the compilation of financial soundness indicators (FSI) for the deposit takers (DTs), which cover 15 commercial banks, using the chart of accounts (COAs) and supervisor...

Montenegro

Montenegro »

Source: Montenegro : Technical Assistance Report-Financial Soundness Indicators Mission (November 29 - December 5, 2017)

Volume/Issue: 2019/77

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 March 2019

ISBN: 9781498303101

Keywords: External sector statistics, Systemic risk assessment, Insurance companies investments, Financial statistics, Pension funds, FSI, DTs, source data, CBM, FSD

This Technical Assistance (TA) report focuses the compilation of financial soundness indicators (FSI) for the deposit takers (DTs), which cover 15 commercial banks, using the chart of accounts (COAs) and supervisor...

Montenegro
			: Technical Assistance Report-Report on External Sector Statistics Mission

Montenegro : Technical Assistance Report-Report on External Sector Statistics Mission »

Volume/Issue: 2018/353

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 December 2018

DOI: http://dx.doi.org/10.5089/9781484388204.002

ISBN: 9781484388204

Keywords: Europe, Montenegro

To support the compilation of external sector statistics (ESS) in Montenegro, the International Monetary Fund (IMF)'s Statistics Department (STA) conducted a technical assistance (TA) mission during December 4-15,...

Montenegro

Montenegro »

Source: Montenegro : Technical Assistance Report-Report on External Sector Statistics Mission

Volume/Issue: 2018/353

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 December 2018

ISBN: 9781484388204

Keywords: Europe, Montenegro

To support the compilation of external sector statistics (ESS) in Montenegro, the International Monetary Fund (IMF)'s Statistics Department (STA) conducted a technical assistance (TA) mission during December 4-15,...

1. Domestic Expansion Running into External Turbulence

1. Domestic Expansion Running into External Turbulence »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Activity continued to expand in the first half of 2018, but at a slower-than-expected pace, mainly in advanced Europe. The external environment has become less supportive, with slow...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment...

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

This chapter documents the increasing use of macroprudential policies (MaPPs) in Europe in recent years to build financial resilience, contain general and sectoral credit growth, an...

Regional Economic Outlook, October 2018, Europe
			: Domestic Expansion Running into External Turbulence

Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

DOI: http://dx.doi.org/10.5089/9781484375402.086

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

Front Matter

Front Matter »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

IMF Executive Board Concludes 2018 Article IV Consultation with Montenegro

IMF Executive Board Concludes 2018 Article IV Consultation with Montenegro »

Source: Montenegro : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/121

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2018

ISBN: 9781484356968

Keywords: Article IV consultation reports, Fiscal policy, Bank supervision, Fiscal reforms, Labor market reforms, Infrastructure, Executive Board decisions, Lapse of time approval, Economic indicators, Balance of payments statistics

This 2018 Article IV Consultation highlights that Montenegro's economy is growing strongly, boosted by the implementation of large investment projects, including the construction of the Bar-Boljare highway. Growth...

Montenegro
			: 2018 Article IV Consultation-Press Release and Staff Report

Montenegro : 2018 Article IV Consultation-Press Release and Staff Report »

Volume/Issue: 2018/121

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2018

DOI: http://dx.doi.org/10.5089/9781484356968.002

ISBN: 9781484356968

Keywords: Article IV consultation reports, Fiscal policy, Bank supervision, Fiscal reforms, Labor market reforms, Infrastructure, Executive Board decisions, Lapse of time approval, Economic indicators, Balance of payments statistics

This 2018 Article IV Consultation highlights that Montenegro's economy is growing strongly, boosted by the implementation of large investment projects, including the construction of the Bar-Boljare highway. Growth...

Montenegro
			: Selected Issues

Montenegro : Selected Issues »

Volume/Issue: 2018/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2018

DOI: http://dx.doi.org/10.5089/9781484357026.002

ISBN: 9781484357026

Keywords: Economic growth, Employment, Capital stocks, Total factor productivity, Potential output, Fiscal policy, Reserves adequacy, International reserves, Labor markets, Selected issues

This Selected Issues paper analyzes the long-term growth prospects and the output gap in Montenegro. Historical growth in Montenegro was driven mostly by capital with some contribution from labor, while total facto...

Montenegro: Selected Issues

Montenegro: Selected Issues »

Source: Montenegro : Selected Issues

Volume/Issue: 2018/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2018

ISBN: 9781484357026

Keywords: Economic growth, Employment, Capital stocks, Total factor productivity, Potential output, Fiscal policy, Reserves adequacy, International reserves, Labor markets, Selected issues

This Selected Issues paper analyzes the long-term growth prospects and the output gap in Montenegro. Historical growth in Montenegro was driven mostly by capital with some contribution from labor, while total facto...

Montenegro: Selected Issues

Montenegro: Selected Issues »

Source: Montenegro : Selected Issues

Volume/Issue: 2018/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2018

ISBN: 9781484357026

Keywords: Economic growth, Employment, Capital stocks, Total factor productivity, Potential output, Fiscal policy, Reserves adequacy, International reserves, Labor markets, Selected issues

This Selected Issues paper analyzes the long-term growth prospects and the output gap in Montenegro. Historical growth in Montenegro was driven mostly by capital with some contribution from labor, while total facto...

Montenegro: Selected Issues

Montenegro: Selected Issues »

Source: Montenegro : Selected Issues

Volume/Issue: 2018/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2018

ISBN: 9781484357026

Keywords: Economic growth, Employment, Capital stocks, Total factor productivity, Potential output, Fiscal policy, Reserves adequacy, International reserves, Labor markets, Selected issues

This Selected Issues paper analyzes the long-term growth prospects and the output gap in Montenegro. Historical growth in Montenegro was driven mostly by capital with some contribution from labor, while total facto...

Montenegro: Selected Issues

Montenegro: Selected Issues »

Source: Montenegro : Selected Issues

Volume/Issue: 2018/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2018

ISBN: 9781484357026

Keywords: Economic growth, Employment, Capital stocks, Total factor productivity, Potential output, Fiscal policy, Reserves adequacy, International reserves, Labor markets, Selected issues

This Selected Issues paper analyzes the long-term growth prospects and the output gap in Montenegro. Historical growth in Montenegro was driven mostly by capital with some contribution from labor, while total facto...

Montenegro: Staff Report for the 2018 Article IV Consultation

Montenegro: Staff Report for the 2018 Article IV Consultation »

Source: Montenegro : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/121

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2018

ISBN: 9781484356968

Keywords: Article IV consultation reports, Fiscal policy, Bank supervision, Fiscal reforms, Labor market reforms, Infrastructure, Executive Board decisions, Lapse of time approval, Economic indicators, Balance of payments statistics

This 2018 Article IV Consultation highlights that Montenegro's economy is growing strongly, boosted by the implementation of large investment projects, including the construction of the Bar-Boljare highway. Growth...

Montenegro: Staff Report for the 2018 Article IV Consultation—Informational Annex

Montenegro: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: Montenegro : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/121

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2018

ISBN: 9781484356968

Keywords: Article IV consultation reports, Fiscal policy, Bank supervision, Fiscal reforms, Labor market reforms, Infrastructure, Executive Board decisions, Lapse of time approval, Economic indicators, Balance of payments statistics

This 2018 Article IV Consultation highlights that Montenegro's economy is growing strongly, boosted by the implementation of large investment projects, including the construction of the Bar-Boljare highway. Growth...

Public Infrastructure in the Western Balkans
			: Opportunities and Challenges

Public Infrastructure in the Western Balkans : Opportunities and Challenges »

Volume/Issue: 2018/02

Series: Departmental Papers / Policy Papers

Author(s): Ruben Atoyan , Dora Benedek , Ezequiel Cabezon , Jacques Miniane , Nguyen Ngoc Duy , and James Roaf

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2018

DOI: http://dx.doi.org/10.5089/9781484337189.087

ISBN: 9781484337189

Keywords: Albania, Bosnia and Herzegovina, Croatia, Kosovo, Serbia, Infrastructure, Europe, Montenegro, Output growth, Macedonia, former Yugoslav Republic of

An assessment of public infrastructure development in the Western Balkans. The paper quantifies the large gaps across various sectors/dimensions, evaluates current infrastructure plans, and discusses funding option...

Public Infrastructure in the Western Balkans: Opportunities and Challenges

Public Infrastructure in the Western Balkans: Opportunities and Challenges »

Source: Public Infrastructure in the Western Balkans : Opportunities and Challenges

Volume/Issue: 2018/02

Series: Departmental Papers / Policy Papers

Author(s): Ruben Atoyan , Dora Benedek , Ezequiel Cabezon , Jacques Miniane , Nguyen Ngoc Duy , and James Roaf

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2018

ISBN: 9781484337189

Keywords: Albania, Bosnia and Herzegovina, Croatia, Kosovo, Serbia, Infrastructure, Europe, Montenegro, Output growth, Macedonia, former Yugoslav Republic of

An assessment of public infrastructure development in the Western Balkans. The paper quantifies the large gaps across various sectors/dimensions, evaluates current infrastructure plans, and discusses funding option...

Montenegro
			: Technical Assistance Report-Macroprudential Policy Framework

Montenegro : Technical Assistance Report-Macroprudential Policy Framework »

Volume/Issue: 2017/322

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 October 2017

DOI: http://dx.doi.org/10.5089/9781484324530.002

ISBN: 9781484324530

Keywords: Macroprudential Policy, Financial stability, Bank supervision, Stress testing, Risk management, Financial soundness indicators, Central banks, Technical Assistance Reports, Montenegro

This Technical Assistance Report discusses technical advice and recommendations given by the IMF mission to the authorities of Montenegro regarding establishment of a macroprudential policy framework. The macroprud...

Montenegro

Montenegro »

Source: Montenegro : Technical Assistance Report-Macroprudential Policy Framework

Volume/Issue: 2017/322

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 October 2017

ISBN: 9781484324530

Keywords: Macroprudential Policy, Financial stability, Bank supervision, Stress testing, Risk management, Financial soundness indicators, Central banks, Technical Assistance Reports, Montenegro

This Technical Assistance Report discusses technical advice and recommendations given by the IMF mission to the authorities of Montenegro regarding establishment of a macroprudential policy framework. The macroprud...

IMF Executive Board Concludes 2017 Article IV Consultation with Montenegro

IMF Executive Board Concludes 2017 Article IV Consultation with Montenegro »

Source: Montenegro : 2017 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2017/276

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2017

ISBN: 9781484319017

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Fiscal consolidation, Bank supervision, Fiscal reforms, Labor market reforms, Economic indicators, Debt sustainability analysis, Press releases

This 2017 Article IV Consultation highlights that Montenegro's economy continues to grow at a moderate pace. The growth should continue over the medium term, boosted by the implementation of large investment projec...

Montenegro
			: Selected Issues

Montenegro : Selected Issues »

Volume/Issue: 2017/277

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2017

DOI: http://dx.doi.org/10.5089/9781484319062.007

ISBN: 9781484319062

Keywords: Financial crises, Economic growth, Real sector, Business cycles, Fiscal policy, ISCR, CR, percent of GDP, capital spend, valorization

This paper discusses the first phase, to be constructed from 2015 to mid-2019, comprises a 41-kilometer section that is to provide an efficient and safe transport link between Podgorica and the poorest northern reg...

Montenegro
			: 2017 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Montenegro

Montenegro : 2017 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Montenegro »

Volume/Issue: 2017/276

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2017

DOI: http://dx.doi.org/10.5089/9781484319017.002

ISBN: 9781484319017

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Fiscal consolidation, Bank supervision, Fiscal reforms, Labor market reforms, Economic indicators, Debt sustainability analysis, Press releases

This 2017 Article IV Consultation highlights that Montenegro's economy continues to grow at a moderate pace. The growth should continue over the medium term, boosted by the implementation of large investment projec...

Montenegro

Montenegro »

Source: Montenegro : Selected Issues

Volume/Issue: 2017/277

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2017

ISBN: 9781484319062

Keywords: Financial crises, Economic growth, Real sector, Business cycles, Fiscal policy, ISCR, CR, percent of GDP, capital spend, valorization

This paper discusses the first phase, to be constructed from 2015 to mid-2019, comprises a 41-kilometer section that is to provide an efficient and safe transport link between Podgorica and the poorest northern reg...

Montenegro: Staff Report for the 2017 Article IV Consultation

Montenegro: Staff Report for the 2017 Article IV Consultation »

Source: Montenegro : 2017 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2017/276

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2017

ISBN: 9781484319017

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Fiscal consolidation, Bank supervision, Fiscal reforms, Labor market reforms, Economic indicators, Debt sustainability analysis, Press releases

This 2017 Article IV Consultation highlights that Montenegro's economy continues to grow at a moderate pace. The growth should continue over the medium term, boosted by the implementation of large investment projec...

Montenegro: Staff Report for the 2017 Article IV Consultation—Informational Annex

Montenegro: Staff Report for the 2017 Article IV Consultation—Informational Annex »

Source: Montenegro : 2017 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2017/276

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2017

ISBN: 9781484319017

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Fiscal consolidation, Bank supervision, Fiscal reforms, Labor market reforms, Economic indicators, Debt sustainability analysis, Press releases

This 2017 Article IV Consultation highlights that Montenegro's economy continues to grow at a moderate pace. The growth should continue over the medium term, boosted by the implementation of large investment projec...

Statement by Anthony De Lannoy, Executive Director for Montenegro and Zorica Kalezic, Advisor to Executive Director September 8, 2017

Statement by Anthony De Lannoy, Executive Director for Montenegro and Zorica Kalezic, Advisor to Executive Director September 8, 2017 »

Source: Montenegro : 2017 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2017/276

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2017

ISBN: 9781484319017

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Fiscal consolidation, Bank supervision, Fiscal reforms, Labor market reforms, Economic indicators, Debt sustainability analysis, Press releases

This 2017 Article IV Consultation highlights that Montenegro's economy continues to grow at a moderate pace. The growth should continue over the medium term, boosted by the implementation of large investment projec...

Montenegro
			: Financial Sector Assessment Program-Banking Sector Stress Testing-Technical Note

Montenegro : Financial Sector Assessment Program-Banking Sector Stress Testing-Technical Note »

Volume/Issue: 2016/198

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2016

DOI: http://dx.doi.org/10.5089/9781498325509.002

ISBN: 9781498325509

The main objective of this technical note is to assess bank's balance sheet and profits, solvency stress test, and liquidity stress test. The financial system in Montenegro is dominated by the banking sector. By th...

Montenegro
			: Financial Sector Assessment Program-Banking Supervision and Regulation-Technical Note

Montenegro : Financial Sector Assessment Program-Banking Supervision and Regulation-Technical Note »

Volume/Issue: 2016/201

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2016

DOI: http://dx.doi.org/10.5089/9781498326315.002

ISBN: 9781498326315

This paper discusses the current status of banking supervision and regulation in Montenegro in the context of select Basel Core Principles. It provides a brief overview of the financial system structure, bank syste...

Montenegro
			: Financial Sector Assessment Program-Financial Crisis Preparedness and Management-Technical Note

Montenegro : Financial Sector Assessment Program-Financial Crisis Preparedness and Management-Technical Note »

Volume/Issue: 2016/199

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2016

DOI: http://dx.doi.org/10.5089/9781475533606.002

ISBN: 9781475533606

This paper provides assessment of the crisis preparedness and management framework of Montenegro. The banking sector dominates the financial system and accounts for about 90 percent of financial system assets, equi...

Montenegro
			: Financial Sector Assessment Program-Framework for NonPerforming Loans Workout and Insolvency and Creditor Rights-Technical Note

Montenegro : Financial Sector Assessment Program-Framework for NonPerforming Loans Workout and Insolvency and Creditor Rights-Technical Note »

Volume/Issue: 2016/200

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2016

DOI: http://dx.doi.org/10.5089/9781498325653.002

ISBN: 9781498325653

This paper examines the current state of nonperforming loans (NPLs) in Montenegro, assesses the regulatory and supervisory framework as well as the insolvency and creditor rights regime, and makes recommendations f...

Montenegro

Montenegro »

Source: Montenegro : Financial Sector Assessment Program-Banking Supervision and Regulation-Technical Note

Volume/Issue: 2016/201

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2016

ISBN: 9781498326315

This paper discusses the current status of banking supervision and regulation in Montenegro in the context of select Basel Core Principles. It provides a brief overview of the financial system structure, bank syste...

Montenegro

Montenegro »

Source: Montenegro : Financial Sector Assessment Program-Banking Sector Stress Testing-Technical Note

Volume/Issue: 2016/198

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2016

ISBN: 9781498325509

The main objective of this technical note is to assess bank's balance sheet and profits, solvency stress test, and liquidity stress test. The financial system in Montenegro is dominated by the banking sector. By th...

Montenegro

Montenegro »

Source: Montenegro : Financial Sector Assessment Program-Framework for NonPerforming Loans Workout and Insolvency and Creditor Rights-Technical Note

Volume/Issue: 2016/200

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2016

ISBN: 9781498325653

This paper examines the current state of nonperforming loans (NPLs) in Montenegro, assesses the regulatory and supervisory framework as well as the insolvency and creditor rights regime, and makes recommendations f...

Montenegro

Montenegro »

Source: Montenegro : Financial Sector Assessment Program-Financial Crisis Preparedness and Management-Technical Note

Volume/Issue: 2016/199

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2016

ISBN: 9781475533606

This paper provides assessment of the crisis preparedness and management framework of Montenegro. The banking sector dominates the financial system and accounts for about 90 percent of financial system assets, equi...

Montenegro
			: Financial System Stability Assessment

Montenegro : Financial System Stability Assessment »

Volume/Issue: 2016/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2016

DOI: http://dx.doi.org/10.5089/9781475519815.002

ISBN: 9781475519815

Keywords: bank, banks, risk, banking, credit

This paper focuses on the important issues of Montenegro economy which are as follows: microfinancial setting, financial system resilience, financial oversight, resolution of nonperforming loans, and financial safe...

Montenegro

Montenegro »

Source: Montenegro : Financial System Stability Assessment

Volume/Issue: 2016/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2016

ISBN: 9781475519815

Keywords: bank, banks, risk, banking, credit

This paper focuses on the important issues of Montenegro economy which are as follows: microfinancial setting, financial system resilience, financial oversight, resolution of nonperforming loans, and financial safe...

IMF Executive Board Concludes 2015 Article IV Consultation with Montenegro

IMF Executive Board Concludes 2015 Article IV Consultation with Montenegro »

Source: Montenegro : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2016/79

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2016

ISBN: 9781513554167

Keywords: debt, monetary fund, financial stability, lending, public finances

This report highlights the recent economic developments and outlook and risks related to the Montenegro's economy. It also discusses policies which need to be implemented to boost growth. Montenegro's economy has r...

Montenegro
			: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Montenegro : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro »

Volume/Issue: 2016/79

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2016

DOI: http://dx.doi.org/10.5089/9781513554167.002

ISBN: 9781513554167

Keywords: debt, monetary fund, financial stability, lending, public finances

This report highlights the recent economic developments and outlook and risks related to the Montenegro's economy. It also discusses policies which need to be implemented to boost growth. Montenegro's economy has r...

Montenegro
			: Selected Issues

Montenegro : Selected Issues »

Volume/Issue: 2016/80

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2016

DOI: http://dx.doi.org/10.5089/9781513554280.002

ISBN: 9781513554280

Keywords: exports, goods, export, income, trade

This paper focuses on Montenegro's export sector performance and challenges. Montenegro has run a persistent trade deficit since its independence. Montenegro's goods exports have decreased, while goods imports have...

Montenegro

Montenegro »

Source: Montenegro : Selected Issues

Volume/Issue: 2016/80

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2016

ISBN: 9781513554280

Keywords: exports, goods, export, income, trade

This paper focuses on Montenegro's export sector performance and challenges. Montenegro has run a persistent trade deficit since its independence. Montenegro's goods exports have decreased, while goods imports have...

Montenegro: Staff Report for the 2015 Article IV Consultation

Montenegro: Staff Report for the 2015 Article IV Consultation »

Source: Montenegro : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2016/79

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2016

ISBN: 9781513554167

Keywords: debt, monetary fund, financial stability, lending, public finances

This report highlights the recent economic developments and outlook and risks related to the Montenegro's economy. It also discusses policies which need to be implemented to boost growth. Montenegro's economy has r...

Montenegro: Staff Report for the 2015 Article IV Consultation—Informational Annex

Montenegro: Staff Report for the 2015 Article IV Consultation—Informational Annex »

Source: Montenegro : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2016/79

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2016

ISBN: 9781513554167

Keywords: debt, monetary fund, financial stability, lending, public finances

This report highlights the recent economic developments and outlook and risks related to the Montenegro's economy. It also discusses policies which need to be implemented to boost growth. Montenegro's economy has r...

Statement by Menno Snel, Executive Director for Montenegro and Zorica Kalezic, Advisor to Executive Director, February 19, 2016

Statement by Menno Snel, Executive Director for Montenegro and Zorica Kalezic, Advisor to Executive Director, February 19, 2016 »

Source: Montenegro : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 2016/79

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2016

ISBN: 9781513554167

Keywords: debt, monetary fund, financial stability, lending, public finances

This report highlights the recent economic developments and outlook and risks related to the Montenegro's economy. It also discusses policies which need to be implemented to boost growth. Montenegro's economy has r...

Being Poor, Feeling Poorer

Being Poor, Feeling Poorer »

Source: Being Poor, Feeling Poorer : Inequality, Poverty and Poverty Perceptions in the Western Balkans

Volume/Issue: 2016/31

Series: IMF Working Papers

Author(s): Zsoka Koczan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 February 2016

ISBN: 9781475515060

Keywords: Poverty and inequality, Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, former Yugoslav Republic of, Montenegro, Serbia, Poverty measurement, Cross country analysis

Emerging Europe has undergone a major economic transformation over the past 25 years. Most countries experienced initial drops in output during transition, followed by recovery in the second half of the 1990s. The...

Being Poor, Feeling Poorer
			: Inequality, Poverty and Poverty Perceptions in the Western Balkans

Being Poor, Feeling Poorer : Inequality, Poverty and Poverty Perceptions in the Western Balkans »

Volume/Issue: 2016/31

Series: IMF Working Papers

Author(s): Zsoka Koczan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 February 2016

DOI: http://dx.doi.org/10.5089/9781475515060.001

ISBN: 9781475515060

Keywords: Poverty and inequality, Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, former Yugoslav Republic of, Montenegro, Serbia, Poverty measurement, Cross country analysis

Emerging Europe has undergone a major economic transformation over the past 25 years. Most countries experienced initial drops in output during transition, followed by recovery in the second half of the 1990s. The...

IMF Executive Board Concludes 2014 Article IV Consultation with Montenegro

IMF Executive Board Concludes 2014 Article IV Consultation with Montenegro »

Source: Montenegro : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2015/26

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2015

ISBN: 9781498329071

Keywords: debt, monetary fund, investment

KEY ISSUES Context: Moderate growth is continuing; however credit and wage growth are weak. The level of nonperforming loans (NPLs) remains high and public debt has risen sharply in recent years. Fiscal policy: Med...

Montenegro
			: Staff Report for the 2014 Article IV Consultation

Montenegro : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2015/26

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2015

DOI: http://dx.doi.org/10.5089/9781498329071.002

ISBN: 9781498329071

Keywords: debt, monetary fund, investment

KEY ISSUES Context: Moderate growth is continuing; however credit and wage growth are weak. The level of nonperforming loans (NPLs) remains high and public debt has risen sharply in recent years. Fiscal policy: Med...

Montenegro: Staff Report for the 2014 Article IV Consultation

Montenegro: Staff Report for the 2014 Article IV Consultation »

Source: Montenegro : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2015/26

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2015

ISBN: 9781498329071

Keywords: debt, monetary fund, investment

KEY ISSUES Context: Moderate growth is continuing; however credit and wage growth are weak. The level of nonperforming loans (NPLs) remains high and public debt has risen sharply in recent years. Fiscal policy: Med...

Montenegro: Staff Report for the 2014 Article IV Consultation—Informational Annex

Montenegro: Staff Report for the 2014 Article IV Consultation—Informational Annex »

Source: Montenegro : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2015/26

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2015

ISBN: 9781498329071

Keywords: debt, monetary fund, investment

KEY ISSUES Context: Moderate growth is continuing; however credit and wage growth are weak. The level of nonperforming loans (NPLs) remains high and public debt has risen sharply in recent years. Fiscal policy: Med...

Statement by Menno Snel, Executive Director for Montenegro and Andrijana Cudina, Advisor to Executive Director, January 23, 2015

Statement by Menno Snel, Executive Director for Montenegro and Andrijana Cudina, Advisor to Executive Director, January 23, 2015 »

Source: Montenegro : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2015/26

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2015

ISBN: 9781498329071

Keywords: debt, monetary fund, investment

KEY ISSUES Context: Moderate growth is continuing; however credit and wage growth are weak. The level of nonperforming loans (NPLs) remains high and public debt has risen sharply in recent years. Fiscal policy: Med...

IMF Executive Board Concludes 2013 Article IV Consultation with Montenegro

IMF Executive Board Concludes 2013 Article IV Consultation with Montenegro »

Source: Montenegro : 2013 Article IV Consultation

Volume/Issue: 2013/271

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2013

ISBN: 9781484392249

Keywords: public debt, current account, external debt, current account balance, debt sustainability

This 2013 Article IV Consultation highlights that Montenegro's recovery from the collapse of the lending boom in 2008 has been slowed by the debt overhang that remains in the private sector. Output contracted in 20...

Montenegro
			: 2013 Article IV Consultation

Montenegro : 2013 Article IV Consultation »

Volume/Issue: 2013/271

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2013

DOI: http://dx.doi.org/10.5089/9781484392249.002

ISBN: 9781484392249

Keywords: public debt, current account, external debt, current account balance, debt sustainability

This 2013 Article IV Consultation highlights that Montenegro's recovery from the collapse of the lending boom in 2008 has been slowed by the debt overhang that remains in the private sector. Output contracted in 20...

Montenegro: Staff Report for the 2013 Article IV Consultation

Montenegro: Staff Report for the 2013 Article IV Consultation »

Source: Montenegro : 2013 Article IV Consultation

Volume/Issue: 2013/271

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2013

ISBN: 9781484392249

Keywords: public debt, current account, external debt, current account balance, debt sustainability

This 2013 Article IV Consultation highlights that Montenegro's recovery from the collapse of the lending boom in 2008 has been slowed by the debt overhang that remains in the private sector. Output contracted in 20...

Montenegro: Staff Report for the 2013 Article IV Consultation—Informational Annex

Montenegro: Staff Report for the 2013 Article IV Consultation—Informational Annex »

Source: Montenegro : 2013 Article IV Consultation

Volume/Issue: 2013/271

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2013

ISBN: 9781484392249

Keywords: public debt, current account, external debt, current account balance, debt sustainability

This 2013 Article IV Consultation highlights that Montenegro's recovery from the collapse of the lending boom in 2008 has been slowed by the debt overhang that remains in the private sector. Output contracted in 20...

IMF Executive Board Concludes 2012 Article IV Consultation with Montenegro

IMF Executive Board Concludes 2012 Article IV Consultation with Montenegro »

Source: Montenegro : Staff Report for the 2012 Article IV Consultation

Volume/Issue: 2012/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2012

ISBN: 9781475503876

Keywords: public debt, current account, central bank, external debt, current account balance

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, ref...

Montenegro
			: Staff Report for the 2012 Article IV Consultation

Montenegro : Staff Report for the 2012 Article IV Consultation »

Volume/Issue: 2012/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2012

DOI: http://dx.doi.org/10.5089/9781475503876.002

ISBN: 9781475503876

Keywords: public debt, current account, central bank, external debt, current account balance

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, ref...

Montenegro

Montenegro »

Source: Montenegro : Staff Report for the 2012 Article IV Consultation

Volume/Issue: 2012/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2012

ISBN: 9781475503876

Keywords: public debt, current account, central bank, external debt, current account balance

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, ref...

Montenegro: Staff Report for the 2012 Article IV Consultation—Informational Annex

Montenegro: Staff Report for the 2012 Article IV Consultation—Informational Annex »

Source: Montenegro : Staff Report for the 2012 Article IV Consultation

Volume/Issue: 2012/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2012

ISBN: 9781475503876

Keywords: public debt, current account, central bank, external debt, current account balance

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, ref...

Statement by Menno Snel, Executive Director for Montenegro and Ana Martinis, Advisor to the Executive Director

Statement by Menno Snel, Executive Director for Montenegro and Ana Martinis, Advisor to the Executive Director »

Source: Montenegro : Staff Report for the 2012 Article IV Consultation

Volume/Issue: 2012/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2012

ISBN: 9781475503876

Keywords: public debt, current account, central bank, external debt, current account balance

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, ref...

Statement by the IMF Staff Representative on Montenegro

Statement by the IMF Staff Representative on Montenegro »

Source: Montenegro : Staff Report for the 2012 Article IV Consultation

Volume/Issue: 2012/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2012

ISBN: 9781475503876

Keywords: public debt, current account, central bank, external debt, current account balance

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, ref...

Inclusive Growth, Institutions, and the Underground Economy

Inclusive Growth, Institutions, and the Underground Economy »

Volume/Issue: 2012/47

Series: IMF Working Papers

Author(s): Adil Mohommad , Anoop Singh , and Sonali Jain-Chandra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

DOI: http://dx.doi.org/10.5089/9781463937089.001

ISBN: 9781463937089

Keywords: institutions, law, property rights, regulatory burden, institutional development, income tax rate, Economic Growth and Aggregate Productivity: General,

Worldwide protests against the perceived lack of economic opportunity and failure of governance have refocused attention on the need for inclusive growth and strong institutions. In developing countries, large info...

Inclusive Growth, Institutions, and the Underground Economy

Inclusive Growth, Institutions, and the Underground Economy »

Source: Inclusive Growth, Institutions, and the Underground Economy

Volume/Issue: 2012/47

Series: IMF Working Papers

Author(s): Adil Mohommad , Anoop Singh , and Sonali Jain-Chandra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463937089

Keywords: institutions, law, property rights, regulatory burden, institutional development, income tax rate, Economic Growth and Aggregate Productivity: General,

Worldwide protests against the perceived lack of economic opportunity and failure of governance have refocused attention on the need for inclusive growth and strong institutions. In developing countries, large info...

IMF Executive Board Concludes 2011 Article IV Consultation with Montenegro

IMF Executive Board Concludes 2011 Article IV Consultation with Montenegro »

Source: Montenegro : 2011 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro

Volume/Issue: 2011/100

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2011

ISBN: 9781455272488

Keywords: central bank, current account, external debt, public debt, taxation

Since its independence in 2006, Montenegro has experienced an economic and financial roller coaster ride. The baseline is predicated on continued improvements in cost competitiveness and productivity-raising foreig...

Montenegro
			: 2011 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro

Montenegro : 2011 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro »

Volume/Issue: 2011/100

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2011

DOI: http://dx.doi.org/10.5089/9781455272488.002

ISBN: 9781455272488

Keywords: central bank, current account, external debt, public debt, taxation

Since its independence in 2006, Montenegro has experienced an economic and financial roller coaster ride. The baseline is predicated on continued improvements in cost competitiveness and productivity-raising foreig...

Montenegro

Montenegro »

Source: Montenegro : 2011 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro

Volume/Issue: 2011/100

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2011

ISBN: 9781455272488

Keywords: central bank, current account, external debt, public debt, taxation

Since its independence in 2006, Montenegro has experienced an economic and financial roller coaster ride. The baseline is predicated on continued improvements in cost competitiveness and productivity-raising foreig...

Montenegro: Staff Report for the 2011 Article IV Consultation—Informational Annex

Montenegro: Staff Report for the 2011 Article IV Consultation—Informational Annex »

Source: Montenegro : 2011 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro

Volume/Issue: 2011/100

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2011

ISBN: 9781455272488

Keywords: central bank, current account, external debt, public debt, taxation

Since its independence in 2006, Montenegro has experienced an economic and financial roller coaster ride. The baseline is predicated on continued improvements in cost competitiveness and productivity-raising foreig...

Statement by Age Bakker, Executive Director for Montenegro and Miroslav Tomic, Advisor to Executive Director

Statement by Age Bakker, Executive Director for Montenegro and Miroslav Tomic, Advisor to Executive Director »

Source: Montenegro : 2011 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro

Volume/Issue: 2011/100

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2011

ISBN: 9781455272488

Keywords: central bank, current account, external debt, public debt, taxation

Since its independence in 2006, Montenegro has experienced an economic and financial roller coaster ride. The baseline is predicated on continued improvements in cost competitiveness and productivity-raising foreig...

IMF Executive Board Concludes 2010 Article IV Consultation with Montenegro

IMF Executive Board Concludes 2010 Article IV Consultation with Montenegro »

Source: Montenegro : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro.

Volume/Issue: 2010/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2010

ISBN: 9781455207916

Keywords: debt, deficit, budget, revenues, fiscal balance

This 2010 Article IV Consultation highlights that Montenegro has been hard hit by the global financial crisis. Contagion and concerns about the robustness of the banking system have triggered large deposit withdraw...

Montenegro
			: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro.

Montenegro : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro. »

Volume/Issue: 2010/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2010

DOI: http://dx.doi.org/10.5089/9781455207916.002

ISBN: 9781455207916

Keywords: debt, deficit, budget, revenues, fiscal balance

This 2010 Article IV Consultation highlights that Montenegro has been hard hit by the global financial crisis. Contagion and concerns about the robustness of the banking system have triggered large deposit withdraw...

Montenegro

Montenegro »

Source: Montenegro : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro.

Volume/Issue: 2010/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2010

ISBN: 9781455207916

Keywords: debt, deficit, budget, revenues, fiscal balance

This 2010 Article IV Consultation highlights that Montenegro has been hard hit by the global financial crisis. Contagion and concerns about the robustness of the banking system have triggered large deposit withdraw...

Republic of Montenegro: Staff Report for the 2009 Article IV Consultation

Republic of Montenegro: Staff Report for the 2009 Article IV Consultation »

Source: Montenegro : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro.

Volume/Issue: 2010/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2010

ISBN: 9781455207916

Keywords: debt, deficit, budget, revenues, fiscal balance

This 2010 Article IV Consultation highlights that Montenegro has been hard hit by the global financial crisis. Contagion and concerns about the robustness of the banking system have triggered large deposit withdraw...

Statement by Age Bakker, Executive Director for Montenegro and Yuri Yakusha, Alternate Executive Director

Statement by Age Bakker, Executive Director for Montenegro and Yuri Yakusha, Alternate Executive Director »

Source: Montenegro : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro.

Volume/Issue: 2010/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2010

ISBN: 9781455207916

Keywords: debt, deficit, budget, revenues, fiscal balance

This 2010 Article IV Consultation highlights that Montenegro has been hard hit by the global financial crisis. Contagion and concerns about the robustness of the banking system have triggered large deposit withdraw...

IMF Executive Board Concludes 2008 Article IV Consultation with Republic of Montenegro

IMF Executive Board Concludes 2008 Article IV Consultation with Republic of Montenegro »

Source: Republic of Montenegro : 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Montenegro

Volume/Issue: 2009/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2009

ISBN: 9781451826739

Keywords: debt, interest, central bank, deficit

This 2008 Article IV Consultation highlights that Montenegro has made significant progress in overhauling its economy. The authorities have taken several welcomed steps to help strengthen financial sector stability...

Republic of Montenegro
			: 2008 Article IV Consultation:  Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Montenegro

Republic of Montenegro : 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Montenegro »

Volume/Issue: 2009/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2009

DOI: http://dx.doi.org/10.5089/9781451826739.002

ISBN: 9781451826739

Keywords: debt, interest, central bank, deficit

This 2008 Article IV Consultation highlights that Montenegro has made significant progress in overhauling its economy. The authorities have taken several welcomed steps to help strengthen financial sector stability...

Republic of Montenegro

Republic of Montenegro »

Source: Republic of Montenegro : 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Montenegro

Volume/Issue: 2009/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2009

ISBN: 9781451826739

Keywords: debt, interest, central bank, deficit

This 2008 Article IV Consultation highlights that Montenegro has made significant progress in overhauling its economy. The authorities have taken several welcomed steps to help strengthen financial sector stability...

Republic of Montenegro: Staff Report for the 2008 Article IV Consultation

Republic of Montenegro: Staff Report for the 2008 Article IV Consultation »

Source: Republic of Montenegro : 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Montenegro

Volume/Issue: 2009/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2009

ISBN: 9781451826739

Keywords: debt, interest, central bank, deficit

This 2008 Article IV Consultation highlights that Montenegro has made significant progress in overhauling its economy. The authorities have taken several welcomed steps to help strengthen financial sector stability...

Statement by Age Bakker, Executive Director for Republic of Montenegro and Svetlana Cerovic, Advisor to Executive Director

Statement by Age Bakker, Executive Director for Republic of Montenegro and Svetlana Cerovic, Advisor to Executive Director »

Source: Republic of Montenegro : 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Montenegro

Volume/Issue: 2009/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2009

ISBN: 9781451826739

Keywords: debt, interest, central bank, deficit

This 2008 Article IV Consultation highlights that Montenegro has made significant progress in overhauling its economy. The authorities have taken several welcomed steps to help strengthen financial sector stability...

One-Size-Fits-One
			: Tailor-Made Fiscal Responses to Capital Flows

One-Size-Fits-One : Tailor-Made Fiscal Responses to Capital Flows »

Volume/Issue: 2008/269

Series: IMF Working Papers

Author(s): Daria Zakharova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

DOI: http://dx.doi.org/10.5089/9781451871272.001

ISBN: 9781451871272

Keywords: Micro-Fiscal Measures., excessive capital inflows, account deficits, micro-fiscal measures,

This paper surveys policy responses in recent years to capital inflows in a diverse group of countries that are represented by the Netherlands at the IMF Executive Board. Based on the findings from cross-country em...

One-Size-Fits-One

One-Size-Fits-One »

Source: One-Size-Fits-One : Tailor-Made Fiscal Responses to Capital Flows

Volume/Issue: 2008/269

Series: IMF Working Papers

Author(s): Daria Zakharova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

ISBN: 9781451871272

Keywords: Micro-Fiscal Measures., excessive capital inflows, account deficits, micro-fiscal measures,

This paper surveys policy responses in recent years to capital inflows in a diverse group of countries that are represented by the Netherlands at the IMF Executive Board. Based on the findings from cross-country em...

Do IMF Programs Improve Economic Governance?

Do IMF Programs Improve Economic Governance? »

Source: Do IMF Programs Improve Economic Governance?

Volume/Issue: 2008/114

Series: IMF Working Papers

Author(s): Jiro Honda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2008

ISBN: 9781451869743

Keywords: Economic governance, IMF program, government effectiveness, governance indicators, good governance, dummy variables, governance indicator,

This paper examines the effects of IMF financial assistance on economic governance in developing countries, based on panel data analyses of perceived governance indicators. It uses a two-stage approach to address p...

Do IMF Programs Improve Economic Governance?

Do IMF Programs Improve Economic Governance? »

Volume/Issue: 2008/114

Series: IMF Working Papers

Author(s): Jiro Honda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2008

DOI: http://dx.doi.org/10.5089/9781451869743.001

ISBN: 9781451869743

Keywords: Economic governance, IMF program, government effectiveness, governance indicators, good governance, dummy variables, governance indicator,

This paper examines the effects of IMF financial assistance on economic governance in developing countries, based on panel data analyses of perceived governance indicators. It uses a two-stage approach to address p...

IMF Executive Board Concludes 2007 Article IV Consultation with Montenegro

IMF Executive Board Concludes 2007 Article IV Consultation with Montenegro »

Source: Republic of Montenegro : 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Montenegro

Volume/Issue: 2008/48

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2008

ISBN: 9781451826708

Keywords: debt, interest, central bank, public sector, external debt

The economic expansion in Montenegro is proceeding at full strength. The economy is overheating. Rapid credit growth is overstretching banks, and has contributed to ballooning asset prices. Eroding competitiveness...

Republic of Montenegro
			: 2007 Article IV Consultation:  Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Montenegro

Republic of Montenegro : 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Montenegro »

Volume/Issue: 2008/48

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2008

DOI: http://dx.doi.org/10.5089/9781451826708.002

ISBN: 9781451826708

Keywords: debt, interest, central bank, public sector, external debt

The economic expansion in Montenegro is proceeding at full strength. The economy is overheating. Rapid credit growth is overstretching banks, and has contributed to ballooning asset prices. Eroding competitiveness...

Republic of Montenegro
			: Financial System Stability Assessment

Republic of Montenegro : Financial System Stability Assessment »

Volume/Issue: 2008/50

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2008

DOI: http://dx.doi.org/10.5089/9781451826722.002

ISBN: 9781451826722

Keywords: credit, banking, capital adequacy, banking sector, banking system

Montenegro is undergoing rapid credit growth in the context of heavy foreign bank presence and euro use. However, the rate of credit expansion is testing the limits of banks' capacity to underwrite loans prudently...