IMF Staff Country Reports

Montenegro: Technical Assistance Report - Public Investment Management Assessment

Publication Date:

June 9, 2022

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2022/166

Subject:

Budget planning and preparation Capital budget Capital spending Expenditure International organization Monetary policy Public financial management (PFM) Public investment spending

Frequency:

regular