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Europe > Montenegro

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
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Cover IMF Staff Country Reports
Serbia and Montenegro: First Review Under the Extended Arrangement
International Monetary Fund
This paper assesses Serbia and Montenegro’s First Review Under the Extended Arrangement (EA). Serbia and Montenegro’s economic and policy performance has remained good under the current EA, but daunting challenges lie ahead. Macroeconomic policies need to be carefully calibrated to address potential risks to macroeconomic and financial instability, while the task of economic restructuring will be increasingly difficult. The IMF staff welcomes the authorities’ commitment to address delays in the adoption of reform legislation that led to nonobservance of some structural benchmarks and notes the need to avoid new slippages.
Keywords:
ISCR; CR; authorities of Serbia and Montenegro; enterprise privatization procedure; government; revenue effort; net indebtedness; policy implementation; Privatization; Currencies; Monetary base; Exchange rates; Europe
Cover IMF Staff Country Reports
Federal Republic of Yugoslavia: Second Review Under the Stand—By Arrangement and Modification of Performance Criteria
International Monetary Fund
This paper highlights the Federal Republic of Yugoslavia’s Second Review Under the Stand-By Arrangement and Modification of Performance Criteria. Economic activity is recovering from low levels in the Republic, while progress has been made in lowering inflation. Adjusting for large increases in administered prices and indirect taxes, core inflation is tentatively estimated at about 15–20 percent. The balance of payments feature a widening trade deficit and robust invisible receipts. The authorities are grateful for the wide range of technical assistance they received from the IMF and the World Bank.
Keywords:
ISCR; CR; government; Yugoslavia; bank; budget; stand-by credit
Cover IMF Staff Country Reports
Federal Republic of Yugoslavia: Membership and Use of Fund Resources—Request for Emergency Post-Conflict Assistance
International Monetary Fund
The Federal Republic of Yugoslavia is faced with the task of stabilizing and reviving a devastated economy after years of military conflicts, sanctions, and economic mismanagement. A weakened institutional capacity and the still evolving political situation is a cause for concern. A short-term macroeconomic strategy is required to bring down inflation. The fiscal position should be improved, and the continued incurrence of expenditure arrears should be avoided. The government should adopt a comprehensive economic program of stabilization and reform that can be supported by the IMF.
Keywords:
ISCR; CR; FRY authorities; Yugoslavia; FRY's economy; deficit; economy; expenditure arrears; General government service; IMF's policy; Arrears; Budget planning and preparation; Commercial banks