Montenegro : 2017 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Montenegro

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

September 14, 2017

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

After a protracted period of consolidation following the global financial crisis, the economy is growing, bolstered by large investment projects. Banking-sector conditions are improving, with credit to the private sector growing, following years of deleveraging. The large cost of constructing the first phase of a highway (one quarter of annual GDP), however, is pushing government debt to high levels. The authorities took significant steps to bolster fiscal sustainability with the 2017 budget and are currently implementing a well-specified fiscal adjustment strategy in line with staff advice. Outlook

Series:

Country Report No. 17/276

Subject:

English

Publication Date:

September 14, 2017

ISBN/ISSN:

9781484319017/1934-7685

Stock No:

1MNEEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

92

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