European Parliament Library

Montenegro :, Technical Assistance Report-Report on External Sector Statistics Mission

Abstract
To support the compilation of external sector statistics (ESS) in Montenegro, the International Monetary Fund (IMF)’s Statistics Department (STA) conducted a technical assistance (TA) mission during December 4–15, 2017. The mission was requested by the Central Bank of Montenegro (CBM), the main ESS compiling agency, and supported by the IMF’s European Department. STA’s mission for the Enhanced General Data Dissemination System (e-GDDS) during June 28-July 4, 2017 also suggested TA for Montenegro to start compiling international investment position (IIP) and external debt statistics (EDS). The mission focused on assisting the CBM in preparing IIP, EDS, Reserves Data Template (RDT), and addressing persistent net errors and omissions. Compilation of IIP and EDS is required to be qualified for Threshold 2 of the e-GDDS. Montenegro does not participate in the Eurosystem, but it is fully eurorized. Euro circulating in Montenegro should be included in the assets of the IIP for Montenegro, but difficulty in estimating the amount had been preventing the CBM from compiling IIP for several years
Table Of Contents
Cover -- CONTENTS -- Glossary -- SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS -- DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS -- A. International Investment Position (IIP) -- B. External Debt Statistics (EDS) -- C. Reserves Data Template (RDT) -- D. Balance of Payments -- E. Staff Resources in the Balance of Payments Division -- FIGURES -- 1. Net Errors and Omissions Before/After Improvements -- 2. Current Account Deficit Before/After Improvements (million euro) -- TABLES -- 1. Data Dissemination/Participation Status for Main ESS Datasets in Montenegro -- 2. Montenegro: Top Priority Recommendations -- 3. Data Source for Portfolio Investment Position by Sector -- 4. Ratios on Currency in Circulation to Deposits -- 5. Data Source for Main Items in Other Investment -- APPENDIX -- I. Implementation Status of Recommendations Provided by the 2013 Mission
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (23 pages)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484388273

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