{
  "title": "Montenegro: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Montenegro",
  "publication": "IMF Staff Country Reports, September 14, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/09/14/montenegro-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45244",
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  "summary": "This 2017 Article IV Consultation highlights that Montenegro’s economy continues to grow at a moderate pace. The growth should continue over the medium term, boosted by the implementation of large investment projects, including the construction of the Bar–Boljare Highway.",
  "publishDate": "2017-09-14",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Growth outlook and drivers",
      "content": "- Montenegro’s economy continues to grow at a moderate pace.\n- Growth is expected to continue over the medium term, boosted by the implementation of large investment projects, including the construction of the Bar–Boljare Highway.\n- IMF staff projection: economy to expand by 3 percent in 2017 and 2.75 percent in 2018.\n- Planned fiscal consolidation is expected to act as a moderate drag on growth."
    },
    {
      "heading": "Banking sector assessment",
      "content": "- Conditions in the banking sector continue to strengthen, with improving asset quality and recovering credit growth.\n- Nonperforming loans remain elevated.\n- The banking sector appears to be over-banked, presenting a challenge for bank profitability."
    },
    {
      "heading": "Fiscal policy and public finance",
      "content": "- The report highlights planned fiscal consolidation as a policy stance that will moderate growth.\n- Public debt, revenue administration, capital spending, and expenditure are listed as focal subjects of the consultation."
    },
    {
      "heading": "Key statistics and publication metadata (as stated in the source)",
      "content": "- IMF staff growth projections: 3 percent (2017); 2.75 percent (2018).\n\nMontenegro: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Montenegro\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/09/14/montenegro-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45244"
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    "Published: September 14, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484319017.002",
    "Montenegro’s economy continues to grow at a moderate pace.",
    "Growth is expected to continue over the medium term, boosted by the implementation of large investment projects, including the construction of the Bar–Boljare Highway.",
    "IMF staff projection: economy to expand by 3 percent in 2017 and 2.75 percent in 2018.",
    "Planned fiscal consolidation is expected to act as a moderate drag on growth.",
    "Conditions in the banking sector continue to strengthen, with improving asset quality and recovering credit growth.",
    "Nonperforming loans remain elevated.",
    "The banking sector appears to be over-banked, presenting a challenge for bank profitability.",
    "The report highlights planned fiscal consolidation as a policy stance that will moderate growth.",
    "Public debt, revenue administration, capital spending, and expenditure are listed as focal subjects of the consultation.",
    "IMF staff growth projections: 3 percent (2017); 2.75 percent (2018).",
    "**Country Report**"
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