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Europe > Montenegro

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Cover IMF Staff Country Reports
Statement by the Staff Representative on Republic of Montenegro
International Monetary Fund

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 is a concern. Management of the boom falls on fiscal policy. Tax cuts have been procyclical and potentially destabilizing. Fiscal risks need to be contained. The main focus of credit policy should be to strengthen banking sector supervision. Completing the transition to a market economy should be kept at the top of the policy agenda.

Keywords:
ISCR; CR; foreign direct investment; authority; Montenegrin authorities; outturn; policy; Stock markets
Cover IMF Survey
IMF Survey, Volume 31, Issue 11
International Monetary Fund. External Relations Dept.
For many years, the IMF has tracked countries’ military spending. The IMF’s Fiscal Affairs Department describes its most recent findings and also looks at patterns in military as well as poverty-reducing spending in countries with loans under the IMF’s concessional Poverty Reduction and Growth Facility (PRGF).
Keywords:
SV; IMF managing director Horst köhler signal; IMF Concludes; market; IMF Monetary; IMF staff country; IMF survey; IMF Deputy managing director; IMF publication service; IMF data; Tax incentives; Extra-budgetary funds; Defense spending; Stock markets; Financial sector development; Middle East; Western Hemisphere; Baltics; Africa; Asia and Pacific; West Africa; East Asia; Sub-Saharan Africa; Western Europe; Global