IMF Staff Country Reports

Montenegro

May 7, 2024

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Montenegro, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

The Montenegrin economy has rebounded strongly from the COVID-19 shock as private consumption grew, tourism recovered, and an influx of relatively affluent Russian and Ukrainian nationals due to Russia’s war in Ukraine has also contributed to growth. While debt-to-GDP ratios have improved largely due to nominal effects, fiscal weaknesses remain. After prolonged political uncertainty, a new coalition government formed in October 2023. Thereafter, a new Central Bank (CBCG) Governor was appointed in December 2023.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Commercial banks, Crime, Financial institutions, Fiscal policy, Fiscal stance, International organization, Monetary policy, Public debt, Revenue administration

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), CBM balance sheet, Commercial banks, Economic growth prospects, EU integration, Europe, European Union initiative, Fiscal stance, Global, Policy discussion, Production GDP estimate

Publication Details

  • Pages:

    81

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2024/101

  • Stock No:

    1MNEEA2024001

  • ISBN:

    9798400275715

  • ISSN:

    1934-7685

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