IMF Staff Country Reports

Montenegro: Request for Purchase under the Rapid Financing Instrument; Press Release; Staff Report; and Statement by the Executive Director for Montenegro

June 25, 2020

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Montenegro: Request for Purchase under the Rapid Financing Instrument; Press Release; Staff Report; and Statement by the Executive Director for Montenegro, (USA: International Monetary Fund, 2020) accessed November 5, 2024

Summary

The COVID-19 pandemic will hit Montenegro hard, as tourism is a key industry. Fiscal space has eroded in recent years due to large public capital outlays, and the COVID-19 crisis is creating new budgetary strains as health spending and other expenditures rise, while the economic contraction lowers revenues.

Subject: Banking, Capital spending, COVID-19, Economic sectors, Expenditure, External debt, Financial sector, Fiscal policy, Fiscal stance, Health, Public debt, Tourism

Keywords: Assistance, Capital spending, COVID-19, CR, Emergency financing request, Executive Board discussion, Financial sector, Financing, Financing gap, Fiscal stance, Global, IMF lending tracker, ISCR, Liquidity withdrawal requirement rate, Tourism

Publication Details

  • Pages:

    35

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2020/210

  • Stock No:

    1MNEEA2020002

  • ISBN:

    9781513548661

  • ISSN:

    1934-7685