Republic of Montenegro: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Montenegro

International Monetary Fund

No 2009/088, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2008 Article IV Consultation highlights that Montenegro has made significant progress in overhauling its economy. The authorities have taken several welcomed steps to help strengthen financial sector stability. Executive Directors have welcomed the structural reforms implemented over the past few years and financial integration that have helped Montenegro attract substantial foreign direct investment and generate rapid growth with moderate inflation. Directors have also supported the authorities’ actions to bolster financial system stability and reduce vulnerabilities by intensifying supervisory oversight, tightening prudential regulations, and lifting bank capitalization requirements.

Keywords: ISCR; CR; FDI inflow; Montenegro; authority; deposit; credit growth; Montenegrin authorities; parent bank; response to the financial crisis; Commercial banks; Credit; Government finance statistics; Foreign direct investment; Global; Europe (search for similar items in EconPapers)
Pages: 56
Date: 2009-03-09
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