Montenegro : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro.

Author/Editor:

International Monetary Fund

Publication Date:

May 28, 2010

Electronic Access:

Free Full Text (PDF file size is 1530 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2010 Article IV Consultation highlights that Montenegro has been hard hit by the global financial crisis. Contagion and concerns about the robustness of the banking system have triggered large deposit withdrawals and a credit crunch. Moreover, the unwinding of the real estate boom has generated strong negative wealth effects that depressed demand. The authorities have taken wide-ranging measures to stabilize the financial system and rekindle lending activity. Foreign parents have also stepped in with substantial liquidity infusion.

Series:

Country Report No. 10/155

English

Publication Date:

May 28, 2010

ISBN/ISSN:

9781455207916/1934-7685

Stock No:

1MNEEA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

75

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