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Europe > Montenegro

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Cover IMF Staff Country Reports
Montenegro: 2011 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro
International Monetary Fund
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 foreign direct investment (FDI). Avoiding a relapse into recession will thus require strengthening the health of the banking system and removing impediments to restructuring the economy. Montenegro’s attractiveness to investors will depend on reducing macroeconomic and structural vulnerabilities. The business environment needs to be further improved. Redressing solvency issues and improving liquidity were jointly seen as priority tasks.
Keywords:
ISCR; CR; staff recommendation; authority; staff; authorities of Montenegro; policy effort; swift response; fund team; Commercial banks; Income; Credit; Personal income; Government finance statistics; Global; Europe
Cover IMF Staff Country Reports
Bosnia and Herzegovina: Recent Economic Developments
International Monetary Fund
This paper reviews economic developments in Bosnia and Herzegovina during 1990–95. It describes the monetary arrangements that have evolved in the Federation and Republika Srpska, and summarizes the financial developments. The paper provides an overview of balance-of-payments developments and the external financing requirements associated with the authorities’ priority reconstruction program. It describes the exchange rate and trade systems of the two Entities. An assessment of macroeconomic statistics in Bosnia and Herzegovina and a summary of IMF technical assistance activities are also provided.
Keywords:
ISCR; CR; deutsche mark; foreign exchange; income tax; federal government; national bank; direct tax; banking sector; Currencies; Income; Personal income; Commercial banks; Western Europe