European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Staff Appraisal and Summary; II. Context; III. Outlook: Weaker Growth with Substantial Downside Risks; IV. Financial Sector Risks Require Careful Management; V. Fiscal Stability is Coming Under Pressure; VI. Further Structural Reforms are Critical for Sustained Growth; Boxes; 1. Assessing Competitiveness; 2. Recent Measures to Strengthen Bank Soundness; Figures; 1. Financial Sector Developments, 2005-08; 2. Parent Banks' Equity Performance, 2007-09; 3. Developments in the External Sector, 2008; 4. Fiscal Developments, 2005-08; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (57 p.)
Specific Material Designation
Form Of Item

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