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Europe > Montenegro

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Cover IMF Staff Country Reports
Montenegro: Request for Purchase under the Rapid Financing Instrument; Press Release; Staff Report; and Statement by the Executive Director for Montenegro
International Monetary Fund. European Dept.
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 as health spending and other expenditures rise, while the economic contraction lowers revenues.
Keywords:
ISCR; CR; financing; emergency financing request; IMF lending tracker; assistance; liquidity withdrawal requirement rate; financing gap; Executive Board discussion; Fiscal stance; Capital spending; Tourism; Global; COVID-19; Financial sector
Cover Departmental Papers
Public Infrastructure in the Western Balkans: Opportunities and Challenges
Mr. Ruben V Atoyan
,
Ms. Dora Benedek
,
Ezequiel Cabezon
,
Mr. Giuseppe Cipollone
,
Mr. Jacques A Miniane
,
Ms. Nhu Nguyen
,
Mr. Martin Petri
,
Mr. Jens Reinke
, and
Mr. James Roaf
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 options available to countries in the region. The paper also identifies important bottlenecks for increased infrastructure investment. Finally, the paper quantifies potential growth benefits from addressing infrastructure gaps, concluding that boosting the quantity and quality of infrastructure is vital for raising economic growth and accelerating income convergence with the EU. The paper concludes with country-specific policy recommendations.
Keywords:
DPPP; DP; capital stock; crowding in; private sector; EU country; IMF staff calculation; infrastructure investment; single market; financial support; management framework; EU accession prospect; investment plan; country's investment attractiveness; investment goods; IFI financing; accession prospect; Infrastructure; Public investment and public-private partnerships (PPP); Public investment spending; Capital spending; Europe; Central and Eastern Europe; Global; Baltics; EU integration process