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Europe > Montenegro

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Monetary economics x
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Cover IMF Staff Country Reports
Montenegro: Technical Assistance Report - Public Investment Management Assessment
International Monetary Fund. Fiscal Affairs Dept.
Public investment is expected to play a significant role in the post-pandemic economic recovery in Montenegro. Due to the importance of the tourism sector, the pandemic has had a deep economic impact. In addition, as government debt already exceeds one hundred percent of GDP, fiscal space to increase public investment is limited. Nevertheless, the completion of the first phase of the Bar-Boljare Highway (BBH), by the end of 2021, should free up public resources within the budget constraint, that could be used for public investments. In this context, a strengthened public investment management (PIM) framework would contribute to maximize its impact on economic growth.
Keywords:
IMF's Fiscal Affairs Department; management framework; I. Public investment; efficiency frontier; staff team of the International Monetary Fund; staff from the IMF's Fiscal Affairs Department; Budget planning and preparation; Capital budget; Public investment spending; Capital spending; Global
Cover IMF Staff Country Reports
Montenegro: Technical Assistance Report-Report on the Monetary and Financial Statistics Mission
International Monetary Fund. Statistics Dept.
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 depository corporations. While the depository corporations sector currently dominates the financial system in Montenegro, the Central Bank of Montenegro (CBCG) should also ensure the availability of source data for the compilation and dissemination of a quarterly Other Financial Corporations (OFC) survey given the sector’s potential to grow. The mission found the CBCG’s current data collection framework is broadly appropriate for the compilation of monetary data in line with the MFSMCG 2016 for the depository corporations’ sector, but further work is needed for OFCs. The mission advised on the correct treatment of negative interest accruals (due to negative interest rates) to ensure that the negative accruals diminish the value of the asset.
Keywords:
ISCR; CR; CBCG staff; financial system; CBCG official; CBCG's chart of accounts; CBCG management; holdings of Eurobond; holdings of government; CBCG's Directorate for Accounting; CBCG's holding; holdings of debt securities; interest receivables; CBCG's Information Technology Department; fair value; Monetary statistics; Chart of accounts; Commercial banks; Financial statements; Currencies
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