Montenegro: 2018 Article IV Consultation-Press Release and Staff Report

May 21, 2018

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Format: Chicago

Montenegro: 2018 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2018) accessed September 18, 2024

Summary

This 2018 Article IV Consultation highlights that Montenegro’s economy is growing strongly, boosted by the implementation of large investment projects, including the construction of the Bar-Boljare highway. Growth should continue over the medium term, albeit at a more moderate pace as highway construction ends. The IMF staff projects the economy to expand by 3 percent in 2018 and 2.5 percent in 2019, with fiscal consolidation also acting as a moderate drag on growth. Although the implementation of large publicly financed infrastructure projects has added to economic growth, the accompanying use of fiscal resources has contributed to a large increase in government debt. Economic growth should remain strong in 2018, notwithstanding fiscal consolidation, and maintain momentum over the medium term.

Subject: Banking, Capital spending, Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Public debt

Keywords: Capital spending, CPI indexation, CR, Debt, Fiscal consolidation, Fiscal stance, GDP, Global, Government, Government debt, Government finances, IMF TA, ISCR, Montenegrin authorities, Montenegro, Pension sustainability, Public-sector workforce, Surplus

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/121
Stock No:

1MNEEA2018001
ISBN:

9781484356968
ISSN:

1934-7685

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